Thai Union's Profit Nearly Erased by Tuna Price-Fixing Litigation
SEAFOODNEWS.COM [Nikkei Report] - August 9, 2018
Thai Union Group has reported a 99% year-on-year plunge in group net profit for the three months through June after setting aside $44 million to cover potential costs related to U.S. litigation over alleged price fixing.
The world's largest producer of canned tuna logged net profit of just 9.63 million baht ($290,000) for the quarter after this expense, the company said this week.
From 2015 through 2016, American wholesalers and ...
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