THAILAND: Thai Union Frozen boosts sales, profits

Seafood giant Thai Union Frozen Products has booked a jump in both profits and sales in its third quarter.

For the three months ending 30 September, profits nearly doubled to THB1.8bn (US$57m), from THB980m in the same period last year. Revenues rose to THB25bn, up from THB17bn in 2010.

The nine-month figures show profit rose to THB4.1bn, up from THB2.9bn in the same-year period, while revenues hit THB73.2bn, up from THB51.9bn in 2010.

Thai Union Frozen Products became the world’s largest seafood firm after acquiring John West tuna owner MW Brands in July last year.

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