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Thailand's CPF second-quarter net profit doubles, beating forecast
August 13, 2014 / 12:32 PM / 3 years ago

Thailand's CPF second-quarter net profit doubles, beating forecast

BANGKOK, Aug 13 (Reuters) - Charoen Pokphand Pcl (CPF) , Thailand’s largest meat and animal feed producer, said on Wednesday that second-quarter net profit more than doubled thanks to improved farm business and overseas operations.

CPF, owned by billionaire Dhanan Chearavanont’s Charoen Pokphand Group, posted a net profit of 3.55 billion baht ($110.97 million) in April-June, higher than the 2.64 billion baht average forecast in a Reuters poll of 10 analysts.

This compared with 1.63 billion baht a year earlier and 2.05 billion baht in the previous quarter. ($1 = 31.9900 Thai Baht) (Reporting by Khettiya Jittapong; Editing by David Goodman)

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