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CPF's sales and net profit take a lift in third quarter

Charoen Pokphand Foods announced third-quarter sales of Bt35.52 billion for a net profit of Bt1.3 billion, up 9 per cent and 92 per cent, respectively, year on year.

Published on November 13, 2007



President and CEO Adirek Sripratak said 18 per cent of revenue came from its operations in foreign countries, 66 per cent from domestic business and 16 per cent from exports.

The much-improved profit was due mainly to better prices for broilers and eggs in Thailand and Turkey.

The company's performance abroad was very satisfactory, especially in Turkey and India. Operations in Laos have started, and operations will begin in Russia in next year's second quarter. In Thailand, the domestic meat business has returned to normal, said Adirek.

Even though the price of meat decreased after the vegetarian festival, school holidays and floods in some provinces, the price is improving, and the company expects a profit in the fourth quarter, he said.

Reinstating officials

The Civil Service Commission will consider next Tuesday whether to approve new positions for three high-ranking Finance Ministry officials who will be reinstated by order of the Central Administrative Court.

Secretary-general Preecha Watcharapai yesterday said three special positions could be created for the officials, whose promotions in 2001 were deemed unlawful.

The decision must be reached by November 28 or within 30 days, as ordered by the court.

Preecha said the position of "C9-level policy and planning officials" would be created specifically for the three. The positions will be dissolved once they reach retirement age.

The commission is waiting for an official request from the Finance Ministry for the reinstatement, Preecha said.

Orders around the clock

DHC (Thailand) has developed an interactive voice-recording system to handle gift orders for the New Year's holiday.

With the Bt10-million computer system, DHC can take orders 24 hours a day, said Wisarn Meksamanansak, vice chairman for operations.

The company hopes the system will boost fourth-quarter sales 20 per cent.

 The Nation


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