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January 23, 2015

Thailand

CPF Still Losing Money

 

According to a report by Bualuang Securities, a brokerage company in Thailand, Charoen Pokphand Foods’ shrimp farming division unit will post a $27.6 million operating loss for the fourth quarter of 2014, shallower by 22% year-on-year, but seasonally deeper by 99% quarter-on-quarter.  “The shrimp unit recovery is proving weaker than we had earlier anticipated,” the brokerage noted.  It expects stronger numbers for the division in the second half of 2015.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).  CP Foods Shrimp Unit Still Deep in Red With Recovery Slower Than Expected.  January 23, 2015.

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