Thai Union Frozen Q2 net profit drops 64% [16 August 2013] Thai - TopicsExpress

Thai Union Frozen Q2 net profit drops 64% [16 August 2013] Thai Union Frozen Products Pcl reported a 64% fall in net profit due mainly to foreign exchange losses and the impact of shrimp disease. The company, the world’s largest canned tuna producer, posted a net profit of USD 11.48 million, down from USD 31.98 million a year earlier. In June this year the company warned that it might not grow its net profit this year but it did maintain its sales target of USD 4 billion for this year.

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