TU Reports a Rise of 2Q2019 Profit due to the Decreasing in Key Price Materials

Thai Union Group Public Company Limited (TU) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

TU reported 2Q19 gross profit of THB 5,364 million, up 13.1% YoY, mainly due to margin recovery in all three key product segments as a result of a declining raw material price environment. The 2Q19 gross margin was 16.7%, up 261bps YoY and was the highest quarterly gross margin since 2015. The 1H19 gross profit was at THB 9,746 million, up 19.9% YoY, resulted from key material price decline from the previous year during 1H18.

Interim dividend payment for the operating results during 1 January – 30 June 2019 as per the resolution of the Board of Directors dated 6 August 2019 is 0.25 THB/share. Book closing date is 21 August 2019. The dividend will be paid on 3 September 2019.