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CPF projects profit on improved prospects.

Bangkok Post (Bangkok, Thailand)

| April 04, 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

Apr. 4--Charoen Pokphand Foods (CPF) expects the company to turn a profit again in the first quarter this year, compared to a net loss in the same quarter of last year since shrimp and cooked chicken exports have begun to improve.

"Our revenue and net profit in the first quarter of this year are likely to be better than those of last year because the exports of shrimps and cooked chicken look very promising," said president and CEO Adirek Sripratak.

In the first quarter of last year, the firm had sale revenue of 19.1 billion baht, with a net loss of 598.37 billion baht. The situation improved in subsequent quarters and a net profit of 1.24 billion baht ...

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