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BRIEF-Canned tuna producer Thai Union aims for 15 pct sale growth this year
February 28, 2017 / 10:00 AM / 9 months ago

BRIEF-Canned tuna producer Thai Union aims for 15 pct sale growth this year

Feb 28 (Reuters) - Thai Union Group Pcl, the world’s biggest producer of canned tuna, says:

* Targets sales of 150 billion baht ($4.30 billion) this year, up 15 percent from last year

* Aims for gross margin of 15-16 percent this year

* Plans to spend 4.8 billion baht this year on business expansion

* Says has sufficient cash flows, no need to raise funds

* Says will not focus on M&A this year

* Expects tuna prices to remain high, but manageable Further company coverage: ($1 = 34.8800 baht) (Reporting by Manunphattr Dhanananphorn; Writing by Orathai Sriring)

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