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November 13, 2014

Thailand

CPF’s Recovery on Track, Whitespot in Malaysia

 

According to a report by Bualuang Securities, a brokerage company in Thailand, Charoen Pokphand Foods’ shrimp farming division’s recovery is on track, and it should break even in 2015.  Its third quarter 2014 financial statements showed that it was already cutting its losses, as it recovered from early mortality syndrome (EMS).  In the third quarter of 2014, it reported a loss of $13.79 million, 71% less on a year-on-year basis and 51% less on a quarter-on-quarter basis, due to greater shrimp output.

 

In Malaysia, however, CPF’s shrimp farms have been hit with the whitespot virus and will incur a loss, which Bualuang Securities says will persist into 2015.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).  CP Foods Malaysia Shrimp Unit Hit by Whitespot as Thai Losses Set to Hit $97m.  November 12, 2014.

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