TUF Posts 58% Rise in Q1 Profits on Strength of Recent Acquisitions, Weak Euro
SEAFOODNEWS.COM [Bangkok Post] May 20, 2015
Thai Union Products Plc (TUF), the world's biggest exporter of canned and frozen tuna, has posted a surge of 58.7% in first-quarter net profit thanks largely to continuous sales growth and foreign exchange gains.
President and chief executive Thiraphong Chansiri said first-quarter sales totalled 28.6 billion baht, up by 2.4% year-on-year, due to the acquisition of MerAlliance, King Oscar and Orion.
Consolidated first-quarter sales totalled 28.6 billion baht, up by 2.33% year-on-year, despite a typically low season for the group...
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