Charoen Pokphand Foods Public : CPF shows 1H’s strong profit of Bt8.02 billion Plans for dividend payment 50 satang per share

Bangkok 15/08/2017 - Charoen Pokphand Foods PCL (CPF) reported its operation result with total sale achieved Bt245.587 billion and a net profit of Bt8.02 billion in the first half this year and planned to pay dividend by 50 satang per share on September 8, 2017.

CPF is one of the leading agro-business conglomerate to operate in 16 countries worldwide. The company reported its total sales in the first half this year grew as projected up by 10 per cent to Bt245.587 billion. Of the total, overseas operation accounted for 64 per cent, domestic sale for 30 per cent and the remainder for export from Thailand.

The company's overseas investment increased by 16 per cent, which mainly from China, Russia and the Philippines. In addition, the business growth has also generated by its merger and acquisition in the US since late last year. Sales in Thailand grew by 2 per cent derived from increasing export.

Challenge factor during the first half this year that directly affected CPF's operation result was oversupply of pig in Asia particularly in Vietnam Cambodia and Thailand. Moreover, pig recording regarding to biological asset accounting standard also affected to its profit. However, it is expected that the oversupply problem will be eased which it should help pull up pork price in Asia better than in the first half this year.

On August 11, 2017, CPF's board of committee approved to pay a dividend of 50 satang per share in accordance with the company's result operation in the first six months this year ended on June 30, 2017. Closing shareholders' account (XD) will be fixed on August 25, 2017 and announced shareholder list for dividend payment on August 29, 2017. The dividend payment will be paid on September 8, 2017.