Thai Union Group reported earnings of 121 million baht in the first quarter of this year, improving from a loss of 243 million baht year-on-year thanks to its turnaround business plan for the Red Lobster seafood restaurant chain.
Its first-quarter net profit was 1 billion baht, down 41.5% from 1.7 billion year-on-year, mainly attributed to two non-comparable items.
In the first quarter of 2022, Thai Union booked preferred interest of 239 million baht (after tax) from Red Lobster, compared with no preferred interest in the first quarter of 2023 because of interest rate hikes and a…
