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Thai Union Group's Q2 Profits Go Up Amidst Declining Sales

Published on Aug 8 2018 9:00 AM in A-Brands tagged: Sales / profits / Thai Union Group / Paywall

Thai Union Group's Q2 Profits Go Up Amidst Declining Sales

Seafood giant Thai Union Group has reported a gross profit margin of 13.8% amounting to THB 4.7 billion (€122 million) in the second quarter of its financial year after a historic low of 11.3% in Q1.

However, the company whose brands include John West, King Oscar, Chicken Of The Sea, reported a 2% year-on-year decline in 2018 second-quarter sales of THB 34.1 billion(€885 million).

The volatility in the market is a result of declining tuna sales, high-priced raw materials, and appreciation of the Thai Baht.

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