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Chicken and shrimp outlook improving for Charoen Pokphand Foods.

Bangkok Post (Bangkok, Thailand)

| March 02, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mar. 2--Charoen Pokphand Foods Plc (CPF), the country's largest agribusiness exporter, is decidedly upbeat about its performance this year on robust export growth prospects, with 2005 sales projected to exceed 100 billion baht.

With existing problems that have affected the chicken and shrimp industries easing, the outlook for the year was improving, according to Adirek Sripratak, CPF's president and chief executive officer.

CPF yesterday reported consolidated net profit of 1.237 billion baht, a significant decrease of 45 percent from a year earlier. Declines were attributed to falling margins following the bird flu outbreak, leading chicken sales to ...

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Source: HighBeam Research, Chicken and shrimp outlook improving for Charoen Pokphand Foods.

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