PUBLISHED : 7 Aug 2023 at 19:23
Sales of THB 34.1 billion with GPM at 16.9%; operating profit rises 8.2% year-on-year; interim dividend at THB 0.30/share, payout ratio at 70.3%; THB 3.3 billion solid quarterly free cash flow.
On August 7, Thai Union Group PCL reported its financial results for the second quarter ended June 30, 2023. The revenue for the quarter decreased by 12.6 percent year-on-year to THB 34.1 billion, attributed to last year’s high baseline, high inventory levels among customers, logistics normalisation, and overall softer demand. The net profit also declined by 36.7 percent to THB 1.0 billion, primarily due to significant foreign exchange losses and the dilution effect on i-Tail’s net profit.
Despite facing higher…
