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.
- Why China was central to Nestle executive change
- Focus: Delivering dairy to Indian consumers
- Comment: How dairy can leverage nutrition
- PepsiCo underlines the challenge on health
- just the answer: Gardein founder Yves Potvin
- Fonterra warns on geopolitical unrest, oversupply
- Tereos to buy Real Good Food's Napier Brown
- Kerry benefits from snacking trends
- Mondelez sees Q1 net profit jump on higher pricing
- Russia "likely to extend food embargo"