However, both sales and net profit have grown for the firm. "If TUF wants to achieve 15 per cent growth in 2012, revenue must grow by 20 per cent in the second half," announced deputy general manager Wai Yat Paco Lee at a Stock Exchange of Thailand (SET) this week.
"I think we'll likely make it, but it won't be easy," he added. He noted that last year's revenue mark hit about THB 100 billion (USD 3.2 billion) and said the price of raw tuna has climbed by 40 per cent since last year, which may have a psychological impact on customers' purchasing decisions when market competition is high, Bangkok Post reports.
TUF had a net profit jump of 21 per cent to THB 2.47 billion (USD 78.4 million) in the first half of the year, as sales rose by 10 per cent to THB 52.1 billion (USD 1.7 billion) year-on-year.
However, in Q2 2012, net profit fell by 22 per cent year-on-year to THB 1 billion (USD 31.2 million) despite an 8 per cent surge in sales to THB 26.8 billion (USD 850.8 million).
The drop in profit was mainly attributable to an extraordinary item worth THB 400 million (USD 12.7 million) due to amortisation of a deferred finance fee incurred by the acquisition of MW Brands last year. Without such payment, profit rose by 9 per cent from year-on-year to a record high of THB 1.4 billion (USD 44.4 million).
TUF president Thiraphong Chansiri said the overall performance in the first half of the year demonstrates the company’s continued growth despite a price hike in raw materials, persistent volatility of the national currency and economic volatility in the west.
"Our business involves staple food products for basic consumption," he said. "Persistent economic crisis may even help the company to cover new potential investment opportunities in Europe."
Although TUF faces relatively tough market competition in the US, it still presents strong results and profit margins.
TUF will capitalise on emerging opportunities from the upcoming Association of Southeast Asian Nations (ASEAN) Economic Community for its greater aggressive regional presence. The firm is also exploring opportunities in Myanmar, Vietnam, Laos and Cambodia.
Thiraphong assured that Europe's economic crisis has had no negative impact on the group and that MW Brands in Europe continued to deliver a robust performance with stable margins.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
(seafood.vasep.com.vn) Amid the increasingly evident impacts of drought and saltwater intrusion, the shrimp-rice production model in Ca Mau province continues to prove itself as a viable direction, contributing to higher farmer incomes, improved soil conditions and the promotion of ecological and sustainable agricultural development.
(seafood.vasep.com.vn) The management of fishing vessels, monitoring of fishing activities, and handling of violations in the fisheries sector in Lam Dong province have continued to be implemented in a synchronized and stringent manner, contributing to raising awareness of legal compliance among fishermen and aiming to end illegal, unreported and unregulated (IUU) fishing.
(seafood.vasep.com.vn) Can Tho’s fishery industry sustained steady growth in 2025 with total aquatic and marine output reaching nearly 783,000 tons, fulfilling 100% of the annual target. Aquaculture, capture fisheries and fishing fleet management were further strengthened, aiming for sustainable development in the coming years.
(seafood.vasep.com.vn) In 2025, Vietnam’s pangasius export turnover reached nearly USD 2.2 billion, up 8% year-on-year. This result indicates that pangasius exports maintained their growth momentum despite significant volatility in the global market environment. In December 2025, pangasius export value reached USD 200 million, up 10% compared to December 2024. This solid performance in the final month of the year reflects increased import demand for consumption and inventory replenishment in key markets.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain experienced significant fluctuations. According to Vietnam Customs, during the first 11 months of 2025, export turnover for the first 11 months of the year edged up by 0.3% year-on-year, reaching nearly $15 million.
(seafood.vasep.com.vn) Deputy Prime Minister Bui Thanh Son has signed Decision No. 16/QD-TTg, dated January 5, 2026, approving the implementation plan for the Vietnam-Israel Free Trade Agreement (VIFTA). Under the plan, in the coming period, ministries, ministerial-level agencies, government-affiliated entities and People’s Committees of provinces and centrally-run cities must institutionalize and execute tasks focused on the dissemination of information regarding VIFTA and the Israeli market; legislative and institutional development, as well as enhancing competitiveness and human resource growth...
(seafood.vasep.com.vn) Beyond achieving double-digit growth, Vietnam’s fish cake and surimi exports are showing a notable year-end "inflection point": the EU his accelerating with nearly twofold growth, China & Hong Kong are rising sharply, while the largest market, South Korea, signaled a slowdown in November. According to Vietnam Customs data, export turnover of fish cake and surimi reached $327 million in the first 11 months of 2025, up 22% year-on-year; November 2025 alone accounted for $35 million, marking a 5% increase. This serves as a critical foundation for exporters to reassess market structures and competitive intensity while finalizing order strategies for 2026.
(seafood.vasep.com.vn) Ca Mau, widely regarded as the nation’s “shrimp capital”, continued its strong performance in 2025 as shrimp output reached nearly 600,000 tons, maintaining its position as Vietnam’s leading shrimp-producing locality.
(seafood.vasep.com.vn) On December 29, 2025, at the 2025 Pangasius Industry Review Conference held in Can Tho City, the Vietnam Pangasius Association announced that fingerling prices have surged to record levels due to acute supply shortages.
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