# CP Foods Reports 2024 Profit Surges 467% to Over THB 19 Billion, Driven by Strong Overseas Operations

- Link: https://www.thailand-business-news.com/companies/199516-cp-foods-reports-2024-profit-surges-467-to-over-thb-19-billion-driven-by-strong-overseas-operations
- Published: 2025-03-05T10:28:13+07:00
- Author: Daniel Lorenzzo

CP Foods Sees 467% Profit Surge in 2024, Exceeding THB 19 Billion, Boosted by Global
Operations. The company credits this growth to increased efficiency, diversified
product offerings, and rising demand across key international markets. Analysts 
highlight CP Foods’ focus on sustainability and innovation as pivotal factors contributing
to its impressive financial performance.

## Key Takeways

 * CP Foods significantly exceeded its 2024 net profit expectations, driven by balanced
   livestock operations and cost management improvements. The company plans to sustain
   robust performance in 2025, emphasizing “Sustainovation” initiatives. CP Foods
   ranked in the top 1% for sustainability in the S&P Global Corporate Sustainability
   Assessment (CSA) score.
 * CEO Prasit Boondoungprasert reported CP Foods’ 2024 performance, with total sales
   of THB 580,747 million and a net profit increase of 476% from its previous loss.
   Overseas operations contributed 63% of sales, and revenues primarily came from
   farming operations (55%), animal feed (23%), and food products (22%).
 * Successful adjustments in supply and demand led to improved results in overseas
   operations, notably in Vietnam. CP Foods enhanced efficiency through restructuring
   and cost management, leading to better overall performance. The company is preparing
   for potential challenges while optimizing assets and pursuing innovations for
   future growth.

Charoen Pokphand Foods Public Company Limited (CP Foods) reported outstanding financial
results for 2024, achieving a net profit of THB 19,558 million and total sales of
THB 580,747 million, reflecting a 476% increase from a net loss in 2023. This performance
was driven by effective cost management, a balanced approach in the livestock sector,
and improved operations, particularly overseas, which constituted 63% of total sales.

### Related**Posts**

###  󠀁[Nio is growing its Firefly business in Thailand with a new standalone store and an upgraded electric vehicle](https://www.thailand-business-news.com/companies/335225-nio-expands-firefly-business-in-thailand-with-standalone-store-and-updated-ev)󠁿

###  󠀁[BOI, SET, and SEC Launch BOI to IPO Program to Boost Thailand’s New Economy](https://www.thailand-business-news.com/companies/333137-boi-set-and-sec-launch-boi-to-ipo-program-to-boost-thailands-new-economy)󠁿

###  󠀁[Nestlé is pouring billions into pet food projects in Rayong, Thailand](https://www.thailand-business-news.com/companies/326769-nestle-is-pouring-billions-into-pet-food-projects-in-rayong-thailand)󠁿

###  󠀁[Thailand’s OECD Bid Is Colliding With Its Oligopoly Problem](https://www.thailand-business-news.com/business/325713-thailands-oecd-bid-is-colliding-with-its-oligopoly-problem)󠁿

ADVERTISEMENT

Domestically, sales contributed 31%, and 6% came from exports. The sector’s recovery,
particularly in Vietnam due to ASF outbreaks, positively impacted pork prices. CP
Foods’ continued focus on sustainable growth and “Sustainovation” has earned them
a ranking in the top 1% of companies in the S&P Global Corporate Sustainability 
Assessment. Looking towards 2025, the company plans to maintain its growth by optimizing
asset use and cost management. A total dividend of THB 1.00 per share for 2024 has
been proposed, subject to shareholder approval in April 2025.

[Read More](https://thainews.prd.go.th/thainews/news/view/944369/?bid=1)