Earnings Report /
Thailand

Thai Union Group PCL: Beat our model with its new record; GM and profit upgrade for 2021

  • Record-high net and core profit; exceeded our estimates

  • TU posted a 2Q21 record net profit of Bt2.34bn

  • The YoY core profit jump was led by stronger sales for frozen seafood

Prasit Sujiravorakul
Prasit Sujiravorakul

Equity Research Analyst

Bualuang Securities
10 August 2021