Thai Union Gains Nearly 7% to New High in a Year after Reporting a Strong 1Q Net Profit
TU rose ฿1.00/share or 6.58% to ฿16.20/share as of 15:08 local time in Thailand, with a trading value of 1,107 million baht.
The share price of Thai Union Group Public Company Limited (TU) rose ฿1.00/share or 6.58% to ฿16.20/share as of 15:08 local time in Thailand, with a trading value of 1,107 million baht.
TU’s price reached its all-time high in a year after reporting a net profit of 1.8 billion baht in 1Q21, up 77% YoY due to strong core businesses in Frozen and chilled seafood as well as PetCare and value-added, margin expansion, FX gains, and lower finance costs.