CPF reported a 4% drop in H1/64 net profit due to lower share of profit from investments.

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Mr. Prasit Boonduangprasert Chief Executive Officer Charoen Pokphand Foods Public Company Limited (CPF) or CPF revealed that the six-month period of 2021 was 11,683 million baht, a decrease of 4% due to a decrease in profit sharing from investments. Compared to the same period of 2020

Operating results for the first six months of 2021, sales revenue amounted to 248,984 million baht, a decrease of 12% from the same period of last year. This was due to the change of status from a subsidiary to an associate of Chia Tai Investment Co., Ltd. (CTI), which operates animal feed business in China. As of December 2020, the company will not recognize CTI’s sales revenue in 2021.

However, if the impact from the said list is not counted Sales revenue for the first 6 months of 2021 increased by 12% and EBITDA increased by 10%.

The Thai business saw an 8% increase in sales revenue and a 14% increase in international operations, mainly due to higher sales volumes and higher prices in many countries than the previous year, such as the Philippines, Cambodia and Russia, etc.

The company has continually emphasized on increasing efficiency and reducing costs in business operations. Along with supervising the operation by raising the occupational health standard in the workplace to the highest level. along with taking care of employees, including providing accommodation Take care of well-being and travel to reduce travel to risk areas. Ensuring employees with a no-termination policy procurement of vaccines Construction of field hospitals, etc., to create food security for the country amid the COVID-19 pandemic crisis.