Thai Chicken exporter sees clear increase in sales 2008
Charoen Pokphand Foods CPF.BK, expects sales to grow
10% in 2008.
Chief executive Adirek Sripratak confidently commented: "Our sales should
definitely rise 10% as the domestic economy and business confidence should
greatly improve following next month's elections"
CP Foods will continue to boost domestic sales, exports and overseas
investment, he said.
Due to higher product prices, the 2007 sales target was overshot by 10% at
137 billion baht (US$4.5 billion) from 125 billion baht (US$4.1billion) in
Reuters analysts have forecasted sales of 149 billion baht (US$4.9billion)
and a whopping 67% rise in net profit to 3.5 billion baht (US$116million) for
the company in the coming year.
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