TUF eyes 10% full-year sales growth
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Thai Union Frozen Products is still fishing for sales growth of 10 per cent to close to US$4 billion (Bt125 billion) this year after second-quarter sales climbed 9.7 per cent to $935 million from $852 million in the same quarter of 2012.
The company’s board of directors has declared a semi-annual dividend of Bt0.60 per share, payable on September 9.
President Thiraphong Chansiri said yesterday that in baht terms, sales growth was 5 per cent, from Bt26.7 billion to Bt28.1 billion. However, net profit plunged 64 per cent to Bt359 million from Bt1 billion. Earnings per share amounted to Bt0.31. For the first half, sales rose 5 per cent to $1.7
billion from $1.6 billion. Sales in baht barely moved to Bt52.5 billion from Bt52 billion. Net profit reached Bt1 billion.
The sales breakdown by the six main strategic business groups during the first half was tuna at 50 per cent, shrimp and related products 22 per cent, sardines and mackerel 7 per cent, salmon 4 per cent, pet food 7 per cent, and value-added products and other business 10 per cent.
Sales by market were led by the United States with 38 per cent of the total, followed by Europe (31 per cent), domestic (8 per cent), Japan (8 per cent) and other countries (16 per cent).
