The financial report of Charoen Pokphand Foods, the parent company of CP Vietnam, said that revenue in the first 9 months of this year in Vietnam increased by 5% compared to the same period last year, reaching more than 92.2 billion baht (nearly 68,000 billion VND).
Senior Chairman Dhanin Chearavanont, top leader of Charoen Pokphand Group - Photo: CP
The financial report of Charoen Pokphand Foods, the parent company of CP Vietnam, shows that the Vietnamese market is contributing quite a lot to their consolidated revenue structure.
Even though the revenue in the first 9 months of the year in the Thai market decreased by 3% compared to the same period, reaching more than 167 billion baht, in Vietnam it increased by 5%.
Accordingly, CP in Vietnam brought in about 92.21 billion baht (equivalent to nearly 68,000 billion VND) in the first 9 months of this year.
The sales structure by product shows that livestock is CP's main segment in the Vietnamese market, contributing more than 62.3 billion baht, equivalent to about 46,000 billion VND and increasing by 12%, while the food segment brought in more than 4,600 billion VND, increasing by 8%.
However, in the third quarter of this year alone - coinciding with the time when Vietnam welcomed the super typhoon, the revenue in Vietnam of this Thai livestock giant decreased by 3% compared to the same period, to nearly 28.63 billion baht, equivalent to nearly 21,200 billion VND.
Also in this quarter, CP's revenue in the Chinese market dropped by 34% compared to the same period.
According to information from the website, Thailand's Charoen Pokphand Group invested in Vietnam in 1988, after Vietnam opened its doors in 1986 under the renovation policy, by opening a representative office in Ho Chi Minh City.
In 1993, CP Vietnam Livestock Company Limited was established and an animal feed factory was built in Bien Hoa 2 Industrial Park, Bien Hoa City, Dong Nai Province.
In 2009, CP Vietnam Livestock Company Limited merged with Charoen Pokphand Vietnam Company Limited to form CP Vietnam Livestock Joint Stock Company.CP Vietnam operates in the field of agriculture - industry and closed food processing, mainly on livestock, poultry and aquatic products.
After more than 30 years of investing in Vietnam, CP's revenue is more prominent than many domestic enterprises in the livestock sector.
Like the "boss" of livestock farming in the North - Dabaco Vietnam Group (DBC) - revenue in the first 9 months of this year reached more than 9,962 billion VND, up 17% over the same period, and reported a net profit of more than 312 billion VND, 26 times higher than the same period.
In the first 9 months of this year, Hoang Anh Gia Lai Joint Stock Company - HAGL (HAG) recorded VND4,193 billion in net revenue, down 17% over the same period, but the cost of goods sold decreased more sharply. Profit after tax reached VND851 billion, up 21%.
HAGL, chaired by Mr. Doan Nguyen Duc (Bau Duc), has long focused on the agricultural sector, with key products such as pig farming, banana growing, durian growing...
Or PAN Group (PAN) - Vietnam's leading agricultural and food group chaired by Mr. Nguyen Duy Hung - recorded revenue in the first 9 months of this year reaching more than 12,349 billion VND, up 31% over the same period; after-tax profit reached 720 billion VND, up 57%.
Source: https://tuoitre.vn/tiet-lo-doanh-thu-khung-cua-de-che-chan-nuoi-cp-viet-nam-2024112419042594.htm
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