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Thai CP Foods Q2 net profit down 16% on weaker salesCP-foods-logo.jpg

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Charoen Pokphand Foods PCL, Thailand's largest animal meat and feed producer, said second-quarter net profit fell 16% due to slow domestic consumption and lower exports after the Thai baht depreciated. Net profit was 2.98 billion baht (RM331.79 million), higher than the 1.6 billion baht average forecast by eight analysts polled by Reuters....

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