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Thai Union takes margin hit on higher salmon, tuna prices

Despite reporting sales hike of 7.7% to $1bn, the processing giant saw its Q3 profit take a hit on higher raw material prices

By Undercurrent News | Nov. 7, 2016 13:24 GMT
Thai Union
At Seafood Expo Global, May 2016. Credit: Miriam Okarimia/ Undercurrent News
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Thai Union Group reported a 7.7% year-on-year hike in Q3 sales to THB 35.12 billion ($1bn), but higher salmon and tuna prices pressured margins. [...]

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