CPF's Q1 Earnings Up 43% Due to Spike in Pork Prices, See Mild Impact From COVID-19
Charoen Pokphand Foods (CPF), a global agro-industrial and food conglomerate that produces farmed shrimp and marine fish products, reported Bt6,111 million ($191.8 million) in net profits in the first quarter of 2020, a 43% increase from the same period last year.
Prasit Boondoungprasert, CPF's chief executive officer, said that the increase in net profit was due to the pork business, affected by last year’s outbreak of African Swine Fever (ASF). That caused significant shortages in pork supplies and a spike in...
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