CP Pokphand (CPP), a subsidiary of Thai seafood giant Charoen Pokphand Foods (CP Foods), reported better than expected results, according to a stock exchange filing.
CPP net profits increased 24 percent to $350 million (€315 million) in 2019 mainly due to higher pork prices in Vietnam.
Hong Kong-based CP Pokphand is an investment holding company primarily involved in the production of animal feed products.
CPF directly and indirectly owns 52.24 percent of CPP's total issue shares.
The company expects to announce the annual financial results in mid-February.
