This is the lowest net profit TUF has had in the past eight quarters.
Throughout the whole year, profits skidded by 8 per cent, from THB 5.1 billion (USD 169.9 million) in 2011 to THB 4.7 billion (USD 156.6 million) in 2012.
The firm has explained that one of the main reasons for the lower profit was the tuna cost: it fell from the highest figure of USD 2,350 per ton in September to USD 1,900 per ton at the end of the year, which affected TUF’s profit margin earned in Q4.
Another obstacle the company faced is the regular fluctuation of the shrimp business because of the severe Early Mortality Syndrome (EMS) that led to many shrimp deaths, causing a shortage of the shellfish for production and overpriced shrimp.
The third challenge is that the
Regardless, TUF said, it believes that the above factors might have been temporary.
Analysts believe that tuna prices may recover in this first quarter and that the shrimp business should begin to look up in the second quarter, Reuters reports.
In Thai baht term, sales were reported at THB 26.3 billion (USD 876.2 million) in the fourth quarter of 2012, up 1 per cent from THB 26 billion (USD 866.2 million) in the fourth quarter of 2011. For the year, TUF reported a 6 per cent jump in dollar sales and 8 per cent in baht sales from THB 98.7 billion (USD 3.3 billion) in 2011 to THB 106.7 billion (USD 3.6 billion) in 2012.
“Considering our performance in the first nine months, we were still able to grow well especially in the 3rd quarter. Our sales and profits were able to reach New Highs outstandingly,” TUF Directors Kraisorn Chansiri and Chuan Tangchansiri wrote in a statement.
“Even though our overall annual profits did not meet the goal set, we were able to make some profits,” they highlighted.
President Thiraphong Chansiri said the company is aiming for 2013 revenues of USD 4 billion up from USD 3.4 billion in 2012, and anticipates revenues to reach USD 5 billion in 2015.
To get there, TUF will invest THB 6 billion (USD 201.5 million) a year over 2013-15 and plans to build two new plants in 2013, when it expects a higher net profit with a gross profit margin of 16 per cent.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
(seafood.vasep.com.vn) During the week from April 4th to 10th, 2026, Quang Ngai province intensified its monitoring and law enforcement activities with the determination to eliminate illegal, unreported, and unregulated (IUU) fishing practices.
(seafood.vasep.com.vn) Thanh Hoa’s shrimp sector is undergoing a strong transformation by accelerating the adoption of high technology, helping to improve productivity, increase profits, and meet market demands. The province currently has about 4,100 hectares of shrimp farming, with output continuing to rise despite stable farming area, mainly due to the shift from traditional methods to intensive and super-intensive farming.
(vasep.com.vn) Amid ongoing volatility in global seafood trade, Vietnam’s crab exports have made a fairly positive start to 2026. According to Vietnam Customs statistics, export turnover in the first two months of 2026 reached nearly USD 55 million, up 24% compared to the same period in 2025 and more than 2.2 times higher than in the same period of 2024. This indicates that crab exports are entering 2026 with stronger growth momentum, particularly in Asian markets.
(seafood.vasep.com.vn) Da Nang City has fully implemented all recommendations from the European Commission (EC) regarding the fight against illegal, unreported and unregulated (IUU) fishing, creating an important foundation for the removal of the “yellow card” in the near future.
(seafood.vasep.com.vn) In Hoa Vang district (Da Nang City), red tilapia farming is demonstrating clear economic efficiency, becoming a promising livelihood that helps many households increase their income. A notable example is the model of Mr. Huynh Ngoc Nam, who operates two red tilapia ponds covering more than 4 hectares, generating stable annual income.
(seafood.vasep.com.vn) In Gia Vien district, tilapia farming—particularly the “duong nghiep” strain—is expanding rapidly and gradually becoming an efficient production model for local farmers. Hatcheries in the area are supplying high-quality, uniform, and disease-free fingerlings, meeting the growing demand for commercial farming.
(seafood.vasep.com.vn) On the afternoon of March 19, Vice Chairman of the Ca Mau Provincial People’s Committee, Le Van Su, chaired a meeting to address bottlenecks and propose solutions to expand the super-intensive whiteleg shrimp farming model using low water exchange and high biosecurity standards (RAS-IMTA).
(seafood.vasep.com.vn) On March 10, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 1377/QD-UBND approving the Aquatic Animal Disease Prevention and Control Plan for the 2026–2030 period. The decision takes effect from the date of signing and replaces previous plans for the 2021–2030 period that had been issued prior to the administrative merger in Ba Ria – Vung Tau, Binh Duong, and Ho Chi Minh City.
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