Seafood heavyweight Thai Union saw its third-quarter operating profit grow 30.7 percent despite inflationary pressures and record high energy costs.

The Bangkok-based firm reported earnings of THB 5.7 billion (€153 million/$151 million), with the company able to limit the impact of the difficult business environment through price negotiations with customers, hedging of key materials and foreign exchange, and strong inventory management.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter was THB 4.2