Charoen Pokphand Foods Public Company Limited (SET: CPF) has announced 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss)
Million Baht |
7,308.98 | -1,810.90 |
| Earning Per Share
(Baht) |
0.9100 | -0.2500 |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
15,385.61 | -5,328.42 |
| Earning Per Share (Baht) | 1.8800 | -0.7300 |
CPF reported a net profit in 3Q24 of Baht 7,308.98 million, turning around from a net loss of Baht 1,810 million in 3Q23. This growth was mainly due to an improvement in swine prices from an outbreak of swine disease in certain countries, reduced animal farming cost from greater efficiency and cheaper animal feed, and increase in the share of profit from associates and joint ventures driven by strong performance of swine business in China.
The company’s sales revenue in the third quarter of 2024 was THB 142,703 million, with 62% from international operations and 38% from Thailand domestic operations, reflecting a 1% decrease from the same period last year. This was mainly due to the partial divestment of integrated poultry businesses in China at the end of 2023. Excluding the said restructuring, sales revenue would have risen by 2% from the same period of last year, driven by improved pricing in international operations, particularly in Cambodia, Türkiye, and Philippines.
