Charoen Pokpand Foods

Performance indicators

2022: Loss growth in Russia by 3.7 times to 503.7 million rubles

In 2022, the revenue of Charoen Pokpand Foods (foreign investments) LLC (SPFO) reached 4.12 billion rubles against 2.97 billion rubles a year earlier. Thus, sales of the Russian subsidiary of Thailand's Charoen Pokpand Foods (CPF) increased 1.4 times. At the same time, the company's net loss also increased - 3.7 times (from 137.4 million to 503.7 million rubles). Such data are contained in reports published in May 2023.

According to Interfax, citing materials from the SPFO, in 2022 the company's gross profit decreased to 205.3 million rubles from 364.8 million rubles in 2021, a loss from sales amounted to 164.3 million rubles. In 2021, this figure was positive and amounted to 68.4 million rubles.

Loss of CP Foods daughter reached 503.7 million rubles

The subsidiary of SPFO - SPFO Agro - in 2022 increased revenue to 1.7 billion rubles against 1.5 billion rubles in 2021, gross profit - to 209.1 million rubles from 202.5 million rubles. Profit from sales decreased to 70.9 million rubles from 83.8 million rubles in 2021, net profit - increased to 65.6 million rubles from 56 million rubles a year earlier.

By May 2023, CP Foods is a major global producer of feed, pork, poultry and aquaculture products. Its assets are located in a number of regions of Russia, including the Moscow, Nizhny Novgorod and Kaliningrad regions. The company is constantly expanding its presence in the Russian Federation, Interfax notes. SPFO has been operating in Russia since September 2006.

At the beginning of 2023, the Charoen Pokphand Foods holding brought 53 thousand broiler chickens to the Leningrad Region from Germany to start a large investment project for growing birds and producing hatching eggs, 30% of which the country's poultry industry previously had to buy in Europe. The opening of the reproducer of Severnaya Poultry Farm JSC (owned by CP Foods) will begin with these chicks^[1]

Notes