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News: GFPT

Improved demand benefits GFPT’s revenue growth in Q2

GFPT in Thailand expects continued revenue growth in Q2 2024, following substantial revenue of USD 125.74 million in Q1. This is attributed to a...

GFPT invests in new slaughterhouse

Thai chicken producer GFPT will spend USD 27-33 million to build a new slaughterhouse scheduled for completion by end-2024. The new facility will double...

Meat companies deliver strong business performance

This year, major meat companies in Southeast Asia have delivered strong business and financial performance, backed by higher demand and prices. But the outlook...

GFPT expects 25-30% revenue growth in 2022

Thai chicken integrator GFPT expects a 25-30% growth in revenue for 2022 driven by higher consumption and the baht’s depreciation. The new forecast is...

GFPT’s Q3 2022 revenue increases 54%

Thai chicken integrator GFPT reported Q3 revenue of USD 140.7 million, up 54.5% yoy. Food revenue grew 69%, while processed chicken exports to Japan,...

GFPT aims for 15-20% revenue growth in 2022

Thai chicken integrator GFPT expects its revenue to rise 15-20% this year, driven by higher demand and prices and the baht's depreciation. Veera Titayangkaruvong,...

Poultry set to see better days

The challenges that the poultry industry in Asia is mired in may not quite be over yet, but we see progress. This past week,...

Farm, food business boost GFPT’s Q2 revenue

Thai chicken integrator GFPT reported Q2 revenue of USD 120 million, up 13.6% yoy. Farm revenue increased 34.3%, supported by higher broiler and DOC...

GFPT may raise revenue growth target for 2022

Thai chicken integrator GFPT plans to increase its revenue growth target in 2022 to 10-15% from the current 5-10% because of growing demand. Veera...

Food business drives up GFPT’s Q1 revenue by 21%

Thai chicken integrator GFPT reported Q1 revenue of USD 115.4 million, up 21.3% year-on-year. Food revenue rose 45.2% and export of processed chicken to...

Global poultry trade remains robust despite challenges

Global poultry demand and trade will remain robust this year, despite the impact of the war in Ukraine. In most regions, supply is relatively...

GFPT to invest USD 37-46 million in expansion

Thai chicken integrator GFPT plans to invest USD 37-46 million in expansion projects this year to fulfill growing domestic and international demand. The projects...

GFPT’s 2021 revenue drops 5%

Thai chicken integrator GFPT reported a revenue of USD 425.1 million in 2021, down 4.9% year-on-year (yoy), as its farm and feed segments posted...

Meat industry players cautious about 2022

With major shifts in food production and supply systems, meat industry players are entering the new year cautiously. While some are moving forward with gusto...

Meat industry players cautious about 2022

With major shifts in food production and supply systems, meat industry players are entering the new year cautiously. While some are moving forward with gusto...

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