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Thai Union slashes Red Lobster losses, reports record quarterly profit

The seafood conglomerate reported a quarterly net profit above THB 2bn for the very first time in Q3, helped by a recovery to its frozen segment and cost-cutting at Red Lobster

By Dan Gibson | Nov. 4, 2020 09:58 GMT
Red Lobster Seafood Co
Credit: Thai Union Group
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The seafood conglomerate Thai Union Group has reported its largest quarterly net profit to date, in excess of THB 2 billion ($64 million) for the very first time in its third-quarter report.  [...]

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