THAILAND: Thai Union Frozen sees 15% rise in revenue, profit for 2005
Thai seafood producer Thai Union Frozen Products (TUF) has said it expects revenue and net profit to rise by more than 15% in 2005 due to lower production costs and increased demand for shrimp.
This increase is a step towards achieving its target of revenue of US$2bn in 2008, company president Thiraphong Chansiri told Dow Jones Newswires. For 2004 the company reported revenue of $1.15bn, an increase of 15% from 2003.
Thai Union Frozen said it expects its performance this year to be boosted if the US reduces tariffs on imports of Thai shrimp after the recent devastating tsunami.
- It won't just be Unilever to push for Brexit hikes
- Price an underlying tension across European FMCG
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on Brexit's policy impact
- Interview: UK trade body on the impact of Brexit
- Nestle lowers outlook on "softer environment"
- UK announces "action plan" to drive food exports
- China "transition" drags on Danone Q3
- Farmers' groups slam Danone over non-GMO stance
- Kraft Heinz: Innovation more important than ever
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review