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joker 123th

joker 123th

joker 123th

Regarding the higher price adjustment, TU’s operating results tend to recover in 3Q18 as gross margins rise on lower tuna raw material costs. Even net profit will be pressured by a loss on asset impairment due to the closure of a salmon plant, the profitability of the salmon business will recover after this. Maybank sees improving operations while the two major issues have been addressed including the court case of Chicken of the Sea and the loss-making salmon in Scotland.

Regarding the higher price adjustment, TU’s operating results tend to recover in 3Q18 as gross margins rise on lower tuna raw material costs. Even net profit will be pressured by a loss on asset impairment due to the closure of a salmon plant, the profitability of the salmon business will recover after this. Maybank sees improving operations while the two major issues have been addressed including the court case of Chicken of the Sea and the loss-making salmon in Scotland.

Renewable business continues to progress well with consistent power generation. Project Yamagata solar and Project Yabuki solar in Japan remain its target to achieve COD in November and December 2020 respectively while Soc Trang wind project in Vietnam reach 30% construction progress. Energy technology business continues progressing in its product and service development, in this quarter BanpuNEXT secured 68 MW additional capacity from solar rooftop and floating business.

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