The logo of Charoen Pokphand Foods is pictured at a food hall in Bangkok on Feb 29, 2016. CPF, controlled by the country's richest man Dhanin Chearavanont, made net profit of 5.18 billion baht ($146.29 million) for the July-September quarter, its highest quarterly profit since the third quarter of 2011. This compared with average 5.05 billion baht forecast from 12 analysts polled by Reuters, and 3.57 billion baht a year earlier. Third-quarter sales rose 10% to 122 billion baht, mainly due to growth of 11% from the company's foreign operations, while domestic sales rose 7% from a year earlier, the company said in a statement. Before the earnings announcement, CPF shares closed down 1.6% to 30.75 baht, while the main SET index was 1.3% lower.

Source: Bangkok Post November 12, 2016 05:16 UTC