Frozen seafood exporter
Thai Union Frozen Products has blamed a 30% decrease in the price of
tuna for the 23% drop in its Q3 net profits. Narrower margins saw 1999’s same
period profits of THB475m fall to THB364.4m, despite a 12% increase in sales,
which reached THB5.41bn. Earnings per share also dropped from last year’s THB6.34
to THB4.32.
Thai Union Frozen Products
PCL – Bangkok Figures in baht (THB)
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| Third Quarter To September 30: |
||
|
2000
|
1999
|
|
| Net Profit |
364,353,000
|
474,981,000
|
| Earnings per share |
4.32
|
6.34
|
| Nine Months To September 30: |
|
|
|
2000
|
1999
|
|
| Net Profit |
980,218,000
|
1,448,694,000
|
| Earnings per share |
11.58
|
20.49
|
($1=THB43.465)
