CPF Reports Better-Than-Expected Q3 Earnings
Recent strengthening of the Thai baht contributed to lower overall sale revenue for Charoen Pokphand Foods PLC (CPF), but earnings increased by 23% in the third quarter compared to the same period last year. CPR reported Bt6,062 million ($201 million) earnings in the third quarter this year.
The gain in earnings happened despite lower sales revenue. In the quarter, sale revenue totaled Bt132.6 billion (US$4.4 billion), declining 6% on quarter. However, excluding impacts from the strengthening of Thai baht as well as the adjustment of financial reporting standards (TFRS), sale ...
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