Net profit jumped 77% to THB 1.8 billion on solid performance from frozen seafood, PetCare and value-added businesses
BANGKOK – May 10, 2021 – Thai Union Group showed ongoing resilience in the first quarter of 2021, supported by continued customer trust and demand for its healthy and nutritious human and pet food products, even as the COVID-19 pandemic continued globally.
The company ended the first quarter of the year with net profit of THB 1.8 billion, a 77% year-on-year increase, while sales held steady with a 0.1% increase to THB 31.1 billion compared to the first quarter of 2020. The strong net profit was buoyed by a resurgence in the company’s frozen operations, especially in the U.S., the PetCare and value-added businesses, prudent cost management and FX gains.
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