Thai Union's Q3 sales down nearly 2%
Thai Union Group on Monday reported a 1.9-per-cent year-on-year decline in third-quarter sales to Bt34.17 billion,
Mainly due to the impact of the baht’s appreciation and declining prices of raw materials.
The net profit for the quarter as reported to the Stock Exchange of Thailand was Bt1.31 billion.
However, the normalised Q3 net profit from operations has been adjusted for impairments at Thai Union’s Edinburgh Salmon Company subsidiary amounting to Bt420 million, bringing the adjusted net profit to Bt1.7 billion, the company explained.
The group’s net profit margin improved to 5.1 per cent from the 4 per cent achieved in the second quarter.
