CP Foods reports higher 2020 sales, profits, with help from Thai shrimp production

Charoen Pokphand Foods PCL (CPF) saw its sales revenue and profits rise in 2020 thanks partly to the improvements of its shrimp aquaculture segment in Thailand. CPF’s sales revenue surged 11 percent year-on-year to THB 589.7 billion (USD 19.6 billion, EUR 16.1 billion) in 2020, with 69 percent of the sales generated by its international operation and 31 percent by the business in Thailand, CPF said in its 2020 results statement, released on 24 February. The company’s gross profit margin last…

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