CP Profits Rise 20 per cent

The Fish Site
by The Fish Site
11 August 2011, at 1:00am

THAILAND - Charoen Pokphand Foods has reported a rise in profits for the second quarter of the financial year of 21.6 per cent compared to the same period last year.

In a statement to the Thai Stock Exchange, the company recorded profits of Baht 4.869 billion for the quarter.

The company secretary Patchara Chartbunchachai told the stock exchange that the increase was mainly thanks to continual improvement in production cost management efficiency.

The company's net profit margin of the second quarter of 2011 increased from 8.4 per cent to 9.2 per cent.

Over the six months the company has seen profits rise from Baht 7.227 billion to Baht 8.348 billion.