Charoen Pokphand Foods (CPF) reported a turnover of THB 119,617 million ($3.45 billion/€3.17 billion) in the first quarter, up 13 percent, year-on-year.

It reported Friday its net profits increased 5 percent, year on-year, in the first quarter, to reach THB 3,955 million ($113.9 million/€104.7 million). Offshore business accounts for 70 percent of total sales and domestic market shares make up 30 percent.

This is as projected, said CFP Executive Committee Chairman Adirek Sripratak.