August 17, 2021
CP Foods’ net profit drops in first six months of 2021
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…
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