Charoen Pokphand Foods (CPF), a Thailand-based agri-food group, has reported a 60% year-on-year increase in operating profit for the last 12 months.
The total sales revenue for the 2022 financial year was almost 614.2 billion baht (THB; US$17.37 billion), which is 20% higher than the previous year, with 63% of its overall revenue coming from its overseas businesses.
CPF CEO Prasit Boondoungprasert attributed the group’s positive fiscal performance, in part, to its disease control protocols and the establishment of “new-normal” operations following the coronavirus (COVID-19) pandemic, as well as the use of new technology and the development of new sales channels and value-added products.
CPF also achieved sustainability by switching from coal to renewable energy at the end of last year. CPF has released a roadmap to achieve net-zero sustainability for its businesses by 2050 and is implementing a new food safety initiative.
Furthermore, CPF’s egg products have received Thailand’s first certification for egg products with an official carbon footprint, covering 23 egg products from CPF’s fresh and cage-free eggs.