Thaifoods Group’s Q1 net profit sinks 30%

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Thaifoods Group (TFG) reported a net profit of USD 14.2 million in Q1 2021, down 30.55% yoy, as revenue slipped in its poultry business and sales cost rose. Its total revenue however, increased 3.07% yoy to USD 268 million, driven by its swine and feedmill businesses. Revenue from poultry declined ...

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Joint-Editor, Asian Meat Magazine and Meat Insider, Bangkok, Thailand. The African swine fever hitting the pig industry in Thailand as kept Payungsak busy, writing, ‘Support required for small-scale pig farms affected by ASF’ for the Pig Health Monitor.