CPF enhances its position as a leading agro-industrial business operator in ASEAN
Acquiring more business in Cambodia 

International operations is a key factor for future growth
Reported earnings growth of 49% and announced dividend payment of THB 0.45 per share

CPF will propose to the Annual General Meeting of Shareholders No. 1/2558 held on 22 April 2015 to consider and approve the increase of its shareholding in Cambodia from 25% to 100% and to approve the annual dividend payment of THB 0.45 per share.
The Board of Directors of Charoen Pokphand Foods Public Company Limited (“CPF”) has approved CPF to acquire 75% stake in C.P. Cambodia Company Limited (“CPC”) with total consideration of THB 2,850 million. CPF currently holds 25% in CPC. After the completion of this transaction, CPC will become an indirect wholly owned subsidiary of CPF. The Board considered and viewed that this transaction is beneficial to CPF as Cambodia’s agro-industrial and food business has strong growth potential. In addition, CPC has expansion plan to become a more integrated player in Cambodia. 

Mr. Adirek Sripratak, President and Chief Executive Officer, said that CPC is a leading player in Cambodian agro-industrial business. CPC’s total revenue in 2014 was approximately THB 8,309 million and a net profit of THB 744 million (at exchange rate of 0.0081 THB/Riel). Most of CPC’s revenues were derived from swine and poultry business. The acquisition of CPC will enhance CPF’s position as a leading agro-industrial business operator in Indochina market which has strong growth potential for economic and consumption in the future.
For operating results in 2014, CPF reported total revenues of THB 426,039 million. Sales from international operations accounted for 58% of total revenues and is expected to grow at the average rate of 15% per year for the next 5 years. The acquisition was consistent with the company's strategy which focuses on expanding business overseas.

CPF reported net profit of THB 10,562 million, increased 49 % from the previous year. The Board of Directors has resolved to propose to the Annual General Meeting of Shareholders to consider and approve the annual dividend of THB 0.45 per share, which when combined with the interim dividend of THB 0.30 per share which has already been paid, the total dividend for the year 2014 will be THB 0.75 per share.

For year 2015, CPF plans to focus on expanding business overseas, acquisitions of companies related to the company’s core business and enhancing financial management to be cost competitive. Finally, CPF has set its sales target to grow at least 10% from the previous year.