Global seafood giant Thai Union saw its earnings before interest, taxes, depreciation and amortization (EBITDA) sink more than 11 percent in the first quarter of 2022 as, like many other companies, it battled inflationary pressures as well as increased supply chain and global logistic constraints.
EBITDA in the quarter amounted to just over THB 3 billion (€82.2 million/$86.7 million), while operating profit was also down 11 percent to THB 1.7 billion (€46.6 million/$49.1 million).
Nevertheless, the group said it posted record revenue for the quarter, thanks to larger volumes sold at higher prices.
