In 2010, operating performance of GFPT continued to improve favorably followed the growth trend of the past previous years. Main factors responsible for this satisfactory performance were the obvious recovering of Thai economy, together with a rather low rate of inflation. Moreover, export growth as well as the rising purchasing power of Thai consumers had also led to the satisfactory business achievement of GFPT.

As stated above, high growth of both domestic consumption and export of chicken meat products in 2010 were the main supporting factors for the success of main GFPT’s businesses, which are production and marketing of broiler and chicken meat products. Apart from growth in retail trade due to high purchasing power, the production for domestic market was also boosted by the expansion of fast food chains that add more chicken meat products in their main menus. Furthermore, export to the EU and Japan also increased so that the company’s revenue rose favorably.

The progress of GFPT in 2010 has reflected its high potential to efficiently compete and confront with obstacles, either in domestic or international markets. Maintaining of this high potential, however, is a major challenge to the company, considering the present fierce competitive situation. Therefore, GFPT must continuously improve its efficiency in production and management. In doing so, the company has to focus on research and development in order to produce processed chicken meat products that both attract and satisfy the taste of consumers in different markets. Moreover, high standard of hygiene and environmental conservation in the production process have to be maintained and consistently improved to comply with international standard.

The analysis of both positive and negative factors affecting GFPT’s future performance indicates that the upward trend of business growth will continue through the year 2011. Although the prospect is good, the company has to greatly concern with some unpredictable factors, especially the possible rise of oil price and animal feed ingredients prices. Nevertheless, the negative effects resulted from these unpredictable factors are likely to be less harmful.

Lastly, on behalf of the Chairman of the Board of Directors, I would like to thank all shareholders for their consistently supports of GFPT’s management. I also offer my genuine thanks to all executives and staffs of the company for their dedication and tireless efforts to make this achievement possible. I wish that all these invaluable supports and contributions will continue to help GFPT achieve its ultimate goal of sustained growth in the future.

Mr. Prasit Sirimongkolkasem
Chairman