Asian canned tuna exporter Thai Union Frozen Products has more than doubled its Q2 net profits to Bt714m (US$17.0m).

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Strong demand for cans of the popular Chicken of the Sea flaked tuna and lower production costs helped the company beat market forecasts, reported Reuters. Overall sales rose a healthy 17%, with shrimp feed also performing well.

Full-year profits are expected to rise around 50% from the Bt1.55bn reported last year, while sales are set to rise by 15-20% following the Thai company’s acquisition of US seafood importer Empress International.

Chicken of the Sea enjoys an 18% share of the US canned tuna market, behind Bumble Bee Seafoods with 24% and Del Monte Foods subsidiary StarKist with 40%.

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