Charoen Pokphand Foods Plc (CPF) reported sales revenue of 614 billion baht in 2022, a 20% growth from the previous year.
Net profit was 13.9 billion baht, an increase of 7%, thanks to rising sales in several countries and higher product prices. Excluding the 7.85 billion baht gain from an exchange of investment with Makro shares, an extraordinary item in 2021, CPF’s 2023 net profit before extraordinary items would have increased 170% from the previous year.
CPF has investments in 17 countries, with exports from Thailand to more than 40 nations, driven by stronger food security.
Of the total sales revenue, 63% was contributed by overseas business…
