CPF's overseas operations see sales growth
Charoen Pokphand Foods (CPF) reports that Thai baht strength has had a "slight impact on business growth" according to CEO president Adirek Sripratak.
Overseas operations in India, Turkey and Russia, collectively recorded a sales growth of 91% for the first half of the year, as compared with just 7% in Thailand.
CPF's overseas operations make up 27% of the company's sales, with exports accounting for 13% and domestic sales 60%. Overall, he says, CPF's first half-year sales rose 21% year-on-year to 91.47 billion baht, with net profit up 82% to 7.22 billion baht, adding that "CPF aims to raise the revenue contribution from overseas to 40% with exports 20% and domestic sales 40%".
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