Thai Union Nets Record Profit as Sales Jump During Pandemic
Thai Union reported solid results for Q4 2020 and the entire year, as it said consumers chose Thai Union products as they stayed at home with families during the coronavirus pandemic.
In the final quarter of 2020, Thai Union posted total sales of THB 33.46 billion (USD 1.1 billion), a year-on-year increase of 1.9 percent. The company’s operating profit rose 26.1 percent to THB 1.94 billion, with net profit up 37.9 percent to THB 1.46 billion.
For the entire year, sales came in at THB 132.4 billion (USD 4.4 billion), an increase of 4.9 percent...
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