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BUSINESS

TU reports lower profit, sales as strong baht stings

Business, Pathom Sangwongwanich, Published on 22/02/2019

» SET-listed Thai Union Group Plc (TU), the global seafood conglomerate, reported lower net profit and sales last year, struggling to rebound from a poor first-quarter result as the baht appreciated.

BUSINESS

IFA recommends rejection of DNA sale

Business, Pathom Sangwongwanich, Published on 20/12/2018

» Thailand's capital market regulators are urging shareholders of MAI-listed DNA 2002 Plc to exercise their voting rights at a shareholders meeting scheduled for next Monday as the company plans to sell all of its shares to Banana Group Co Ltd.

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BUSINESS

Pace awards China rights

Business, Pathom Sangwongwanich, Published on 30/08/2018

» SET-listed Pace Development Corporation Plc has entered into an agreement to grant the Dean & DeLuca franchise in China to Kinghill Overseas Holding Ltd, a subsidiary of Charoen Pokphand Group.

BUSINESS

Analysts see limited impact from trans fat prohibition

Business, Pathom Sangwongwanich, Published on 18/07/2018

» The recent regulation prohibiting the production, import and distribution of trans fat-filled food could have a minor effect on profits for SET-listed companies operating bakery and food businesses as they could switch to substitute ingredients, say analysts.

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BUSINESS

Expenses push Pace to post massive impairment loss

Business, Pathom Sangwongwanich, Published on 17/05/2018

» SET-listed Pace Development Corporation Plc's net loss widened by 610% year-on-year in the first quarter, due to impairment loss in investments and increased selling expenses from the property business.

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BUSINESS

TU posts 14.6% profit surge as 2017 sales hit record high

Business, Pathom Sangwongwanich, Published on 21/02/2018

» SET-listed Thai Union Group (TU), the world's biggest canned and frozen tuna exporter, Tuesday reported a fiscal 2017 net profit of 6 billion baht, up 14.6%, propelled by record-high sales.

BUSINESS

Recovery on course

Asia focus, Pathom Sangwongwanich, Published on 21/11/2016

» Asia Pacific is expected to remain on a macroeconomic recovery path supported by stabilised economic conditions in China and relatively low exposure to "external asymmetrical shocks", says Swiss banker Peter Rosenstreich.