Bangkok--15 May--CPF CPF reported its first quarter of 451 Baht net profit turnaround from loss of same period last year Overseas operation continue to grow, pushing consolidated sales growth of 16% Charoen Pokphand Foods Public Company Limited reported its First quarter 2008 results with sales of 33,864 million baht, 16% growth from the same period last year. Sales from Thailand operations is reported at 28,616 million baht or about 85% of the consolidated sales. Sales from Overseas operations is reported at 5,248 million baht, 140% increase from the net loss of 1,135 million baht in the first quarter of 2007. The main factor that caused the Company’s turnaround from loss to profit in this first quarter is from the recovery of Thailand operations. The price of domestic meat product is turned from lost making to be above production cost that has continued to rise. In addition, the efficiency improvement in animal husbandry is also another key factor to enhance the performance. However, the overall performance of Thailand operations still has been impacted by the production cost that has been continued to rise from the previous year. The raw materials for animal feed production, especially soybean meal and fishmeal have been rising. Moreover, the Company has not been received an approval to adjust price list upward according to the rising cost. Sales of the overseas operations has increased about 30% over the same period last year. This reflects the opportunity of business potential in those countries. Thus, the strategy is still focus on expansion in overseas market. CPF Information office Tel.0-2625-7343-5