Thai Union Reports Slight Bump in Profit as Sales Dip 5% in 2019
For the fiscal year 2019 (FY2019), Thai Union group reported a net profit of THB 5.218 million, a 0.5% increase YoY.
The company did note a 5.3% drop in sales (THB 126.27 billion), which the company said was mainly due to the Thai baht’s appreciation in 2019.
Sales volume, on the other hand, grew 1.9 percent over 2018. Thai Union said that frozen and chilled seafood products were behind the improvement, increasing 12.8% YoY. PetCare and value-added products also saw a 3.2% sales boost in 2019...
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