The East Asian shrimp and tuna giant Thai Union Group has reported a sharp lift in profits for the first quarter of 2021, even as revenues remain roughly flat year-on-year.
The world's largest tuna canner by volume, Thai Union recorded a 77% lift in its net profits for Q1 2021, up to THB 1.8 billion ($57 million). The firm attributed this success to strong growth in its frozen, chilled and value-added divisions, as well as lower finance costs and FX gains [...]
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