date:May 23, 2014
Charoen Pokphand Food's (CPF) core business rebounded as expected. Q1 2014 net profit was reported at B2bn, growing 16.8 per cent quarter on quarter (qoq) and 99.7 per cent year on year (yoy).
Domestic livestock business improved because pork and chicken prices rose by 12 per cent qoq while feed mill raw material cost was low owing to inexpensive feed stock from late-2013, boosting profit margin, reports the Nation.
However, the shrimp business still faced losses. Though shrimp farmers could