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CPF operates integrated agro-industrial and food business with its objectives to provide products in high quality and environmentally and socially responsible manner.
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CPF is committed to providing high quality products that are nutritious, tasty, safe and traceable.
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CPF's Q3 2022 earnings jump 195% on recovery of pork prices in China
15 Nov 2022
CPF's Q3 2022 earnings jump 195% on recovery of pork prices in China

Charoen Pokphand Foods PLC (CPF) reported Bt5,108 million in net profits in the third quarter of 2022 which jumped by 195% on year, thanks mainly to the meat business in Thailand and an increase in investment income sharing. In the quarter, sales revenue hit Bt160,266 million.  

 

Sales revenue in the first nine months of 2022 reached Bt455,149 million, an increase by 21% from the same period last year. The nine-month net profits rose 93% on year to Bt12,158 million.  

 

Mr. Prasit Boondoungprasert, Chief Executive Officer of CPF, attributed the improvement in operating results to increasing sales revenue in many countries from higher domestic consumption and export income, following the relaxation of COVID-19 measures and reopening. Meanwhile, the severe pork shortage in Thailand since late 2021 due to an outbreak pushed up pork prices from last year. It also led to a spike in chicken meat prices as consumers shifted to chicken. Meanwhile, pork prices in China went up from early this year on decreasing supply, resulting in a significant increase in investment income sharing compared to the level in the third quarter of last year. The amount is expected to remain high until next year.  

Amid economic challenges, CPF has put an emphasis on efficiency. That encompasses our strict biosecurity measures, control of production and operating costs for competitiveness, concerns about shared values for stakeholders for sustainable and mutual growth, as well as continued development in innovations to improve production and add value to products.    

Mr. Prasit asserted that CPF has announced action plans to achieve Net-Zero greenhouse gas emissions in 2050, under a strategy to reduce emissions throughout the supply chain. This will include the production of more low-carbon products, the promotion of renewable energy, and the end of coal use for all operations in Thailand.

Other Activities
CP Foods wins Distinguished Awards at Thailand Corporate Excellence Awards 2022
24 Nov 2022
CP Foods wins Distinguished Awards at Thailand Corporate Excellence Awards 2022

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#CPF #TMA #product 
CP Foods awarded Superbrands status in 2022, recognition of its global food brand leadership
23 Nov 2022
CP Foods awarded Superbrands status in 2022, recognition of its global food brand leadership

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#CPF #superbrands 
Vietnam President Nguyen Xuan Phuc meets CP-CPF executives to enhance strategic cooperation
21 Nov 2022
Vietnam President Nguyen Xuan Phuc meets CP-CPF executives to enhance strategic cooperation

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#CPF #CPV #Vietnam #APEC 
CP Foods showcases “Sustainable Kitchen of the World …Towards Net-Zero” concept at APEC 2022
14 Nov 2022
CP Foods showcases “Sustainable Kitchen of the World …Towards Net-Zero” concept at APEC 2022

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#CPF #APEC 
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