THAILAND: Thai Union Q1 rises on sales, margins
Thai Union Frozen has booked an increase in first-quarter profits as higher sales and improved margins strengthened the bottom line.
The Thai food maker, which owns the UK seafood brand John West, said sales increased to THB27.94bn (US$958m) in the three months, compared to THB24.44bn in the year-ago period. Tuna sales increased 11.9% thanks to a strong performance from the company's branded lines. Shrimp sales were up 22.3%, mainly due to higher selling prices.
EBIT rose to THB1.88bn, or 6.7% of sales, versus THB1.21bn, or 5% of sales, last year. Net income rose to THB1.1bn in the quarter, up from THB756m last year.
Click here to view the full announcement from Thai Union Frozen.
- USDA's GMO move may block mandatory labels
- Premier Foods to push on with range revamp
- Why FMCG background key for next Thorntons CEO
- just-food's pick: Products on show at SIAL China
- Focus: Why Dairy Crest needs to offload dairies
- Unilever CFO Jean-Marc Huet stands down
- Kerry adds to Mattessons' adult snacking range
- Premier Foods sees FY profits fall
- Mars launches "healthy" snacks Goodnessknows
- Mondelez to cut jobs at Chicago site
- ALDI 2015: Radically transforming Anglo Saxon grocery markets
- Pizza Delivery & Takeaway in the UK - Industry Market Research Report
- Mars Inc in Packaged Food (World)
- Chocolate Flavors Market by Application & Region - Global Trends & Forecast to 2019
- Global Database of the Top 1000 Chocolate and Confectionery Producers - Company Names, Financial Performance, and Contact Details