Thai food giant Charoen Pokphand Foods (CPF) posted THB 140.8 million (€4.1 million/$4.5 million) in sales revenue in the fourth quarter of 2019, a 2 percent decrease from the same period a year earlier. Revenue growth was held back by appreciation of the Thai Baht and new accounting standards, it said.

Net profit, however, more than doubled for the period to THB 4.0 billion (€117.1