Post by account_disabled on Jan 2, 2024 13:07:52 GMT 3
CPF operating results for 6 months of 2019 improved as expected. Announcement of interim dividend of 30 satang per share 14 August 2019 - Charoen Pokphand Foods Public Company Limited or CPF reports sales for the 6-month period of 2019 amounting to 259,183 million baht, a slight increase from the same period last year. With earnings before interest expenses, taxes and depreciation (EBITDA) amounting to 22,175 million baht, an increase of 44% from the previous year. Mr. Prasit Boonduangprasert The Chairman of the CPF Executive Board said that if we consider the operating results in terms of local currency. The company will have sales growth of approximately 5-6%, but because 67% of the company's sales come from overseas operations. resulting in being affected by the stronger baht value
This causes sales from foreign operations to decrease from converting financial statements into baht by approximately 4%. However, from the recovery from the oversupply of pig prices, especially in Thailand. Vietnam and Cambodia This has made the company's ability to make a profit significantly improve. The gross profit margin improved from 11% last year to 14% this year and resulted in a 44% increase in EBITDA. Mr. Prasit mentioned the net profit for WhatsApp Number List the 6-month period this year that if special items are deducted The company's net profit for the 6-month period this year will grow significantly from last year. This is because there is an impact from recording losses from changes in the fair value of biological assets. and the impact from the recognition of additional expenses in the amount of 1,812 million baht from the enforcement of the Labor
Protection Law No. 7, which requires employers to pay compensation to employees who have worked continuously for 20 years or more when they leave additional employment. From 300 days to 400 days, resulting in a net profit for the 6-month period this year of 8,384 million baht, a decrease of approximately 6% from the previous year. The Board of Directors' meeting on August 13, 2019 resolved to pay interim dividends from Performance results for the 6-month period this year at the rate of 30 satang per share. The names of shareholders who are entitled to receive dividends will be determined on August 29, 2019 (Stock Exchange will post the XD sign on August 28th) and will pay dividends on September 12th./
This causes sales from foreign operations to decrease from converting financial statements into baht by approximately 4%. However, from the recovery from the oversupply of pig prices, especially in Thailand. Vietnam and Cambodia This has made the company's ability to make a profit significantly improve. The gross profit margin improved from 11% last year to 14% this year and resulted in a 44% increase in EBITDA. Mr. Prasit mentioned the net profit for WhatsApp Number List the 6-month period this year that if special items are deducted The company's net profit for the 6-month period this year will grow significantly from last year. This is because there is an impact from recording losses from changes in the fair value of biological assets. and the impact from the recognition of additional expenses in the amount of 1,812 million baht from the enforcement of the Labor
Protection Law No. 7, which requires employers to pay compensation to employees who have worked continuously for 20 years or more when they leave additional employment. From 300 days to 400 days, resulting in a net profit for the 6-month period this year of 8,384 million baht, a decrease of approximately 6% from the previous year. The Board of Directors' meeting on August 13, 2019 resolved to pay interim dividends from Performance results for the 6-month period this year at the rate of 30 satang per share. The names of shareholders who are entitled to receive dividends will be determined on August 29, 2019 (Stock Exchange will post the XD sign on August 28th) and will pay dividends on September 12th./