Thai Union posts record 1Q net profit
Thai Union Frozen Products Plc (TUF), the world’s largest canned tuna producer, posted a record quarterly net profit of THB 1.46 billion baht, up 95 percent year-on-year, on strong sales growth.
Quarterly sales in U.S. dollar terms were USD 822 million, up 11 percent from a year ago. Sales in Thai baht terms also grew by 11 percent from THB 22.7 billion in the first quarter last year to THB 25.30 billion.
Total revenues for the quarter amounted to THB 25.67 billion, up 12 percent from the first quarter of 2011, said president Thiraphong Chansiri.