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News and analysis on the global poultry
and animal feed industries.
on August 10, 2009

Thai CP Foods Q2 profits soar

Sales rose 4% while production costs declined 3.4%.

Charoen Pokphand Foods' profits for the second quarter ending June 30 reached $94.2 million, Reuters reported.

2009 net profit could hit $236 million, more than double that of 2008, said Adirek Sriprathak, managing director.

The company has cut its 2009 sales growth target to 5% from 10%.

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