Thai Union Group saw its operating profit jump more than 55 percent in the fourth quarter of 2018 to reach THB 1.50 billion (€42.5 million/$48.3 million) – the company’s highest quarterly margin in two years.

Group sales increased 3.7 percent to reach a record THB 36 billion (€1 billion/$1.2 billion) during the period.

The frozen, chilled seafood, and PetCare businesses contributed to the stronger performance with price adjustments and operational improvements, the company said.