BRIEF-Thai CP Foods aims for annual sales of 700 bln baht

BANGKOK Mon Feb 25, 2013 11:44pm EST

BANGKOK Feb 26 (Reuters) - Thailand's Charoen Pokphand Foods Pcl:

* The company projected sales growth of 10-15 percent a year over the next five years, aiming to reach annual sales of 700 billion baht ($23.45 billion), it said in a statement. That is roughly double its revenue in 2012 of 357 billion.

* The sales growth would be driven by its businesses in emerging markets, mainly in its food business, it said.

($1 = 29.855 baht) (Reporting by Viparat Jantraprap; Editing by Alan Raybould)