Charoen Pokphand Foods Public Company Limited reports a 10% sales revenue increase to THB 464.465 billion from the previous year. While sales revenues from CPF’s overseas operations and export business account for 68% of its total sales revenues, the remaining 32% come from CPF operations in Thailand.

CPF’s net profit in 2016 jumped 33% from the previous year to THB14.703 billion thanks largely to operation results of the terrestrial animal business in Thailand which resumed its normalcy as well as a gradual recovery of the shrimp industry in Thailand after being affected by the Early Mortality Syndrome. The profit increase was partially a result of operation results in CPF’s new subsidiaries in Russia and Cambodia together with effective cost management mechanisms. CPF’s Board of Directors has announced the payment of its 2016 dividend at the rate of THB 0.95 per share. Since the first interim dividend was paid to shareholder at the rate of THB 0.50 per share on September 8, 2016, the remaining Baht 0.45 per share will remain to be paid.

Mr. Adirek Sripratak, President and CEO, stated that rapidly-evolving situations, economic outlook and social behavior were CPF’s major business challenges. However, with a strategy to expand business in strategic areas with growth potential, CPF aims to increase its sales by 10% from 2016. Most of the growth however would mainly come from CPF’s overseas business, he said.

Mr. Adirek also disclosed a resolution of the Board of Directors to appoint senior executives. As CPF’s sales revenues were as high as THB464.465 billion during the past year together with the fact that the company operates a full line of business from upstream to downstream with an extensive network covering 16 countries worldwide where each area has an opportunity to expand its operation in each business field, the Board of Directors resolved to divide CPF’s business into two major lines, namely, the agroindustry and the food business. Mr.Sooksant Jiamjaiswanglerk has been appointed Chief Executive Officer (CEO)-Agroindustrial Business and Co-President overseeing the agricultural business while Mr. Sukhawat Dansermsuk has been appointed  Chief Executive Officer (CEO)-Food Business and Co-President  of the food business. According to Mr. Adirek, the two businesses strive to sustainably expand CPF’s operations and will be managed in a concerted manner for maximum efficiency.