CP Profits Rise 20 Per Cent
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.
11 August 2011
2 minute read
In a statement to the Thai Stock Exchange, the company recorded profits of 4.869 billion baht (THB) for the quarter.
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 THB7.227 billion to THB8.348 billion.
