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April 2, 2014

Thailand

CP Foods Shrimp Division Faces $30 Million Loss

 

Bualuang Securities, a financial services and brokerage company in Thailand, predicts that Charoen Pokphand Foods’ shrimp division will post a $30.8 million operating loss for the first quarter of 2014, a 95% greater loss than in the first quarter 2013, but a 12 percent improvement over the fourth quarter of 2013.  Charoen Pokphand Foods is one of the largest shrimp farming companies in Thailand.

 

But, the securities firm says CPF’s shrimp division will break even in the first half of 2014, as it shifts its business to Vietnam, Thailand and Malaysia.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).  CP Foods Headed for $30.8m Shrimp Unit Loss in Q1.  April 2, 2014.

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