TUF's performance expected to bounce back on better tuna margins, improved shrimp operations
SEAFOOD.COM NEWS April 16, 2014
A securities firm expects Thai Union to see better tuna margins and a recovery of its shrimp business on its way to a much improved fiscal year in 2014.
In a report from SCB Securities lower tuna prices favor higher margins for TUF's business and expects a gross margin increase of around 11.6 percent.
At the same time, additional shrimp production lines is expected to send gross margins for the item up around 9.4 percent.
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