S Khonkaen Foods sees Q1 profits soar 73%

Corporate May 14, 2018 11:22

By The Nation

Listed food processor S Khonkaen Foods Plc on Monday announced total revenue of Bt696.5 million and net profit of Bt50.9 million in the first quarter of this year, up 5.2 per cent and 72.9 per cent respectively from the same period last year.

Chief executive Charoen Rujirasopon attributed the gains to rising demand for food-processing services.

He said the company was confident that total revenue would rise this year by up to 10 per cent over last year.

Total revenue at the end of 2017 was Bt2.77 billion and net profit Bt136.4 million, the company advised the Stock Exchange of Thailand earlier.

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