CP Foods’ net profit drops in first six months of 2021

Published on
August 17, 2021
Charoen Pokphand Foods aquaculture tanks full of shrimp
Bangkok, Thailand-based Charoen Pokphand Foods reported a decline in its net profit in the first six months of this year, mainly due to falling profit-sharing from investments. Its net profit over the six months spanning January to June was THB 11.7 billion (USD 350 million, EUR 296.6 million), down 4 percent from a year earlier, the company said in its H1 financial report, released 13 August. CP Foods' sales revenue in the period also dropped 12 percent year-on-year to THB 249 billion (USD 7.5…
Reporting from Hanoi, Vietnam

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