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…