Global seafood giant Thai Union Group reported a significant increase in operating profits for the first quarter of 2020, as sales of shelf-stable products soared across coronavirus-locked markets.
Operating profit increased almost 50 percent to THB 1.5 billion (€42 million/$46.5 million) as sales hit their highest level in three years, climbing almost 6 percent to THB 31.1 billion (€870.8 million/$964.1 million).
The growth in sales was driven by a strong performance from the ambient business with a 24.5 percent increase in sales volume to 99,599 metric tons, as consumers around the world stocked up on shelf-stable products in response to COVID-19.
