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Thai Union Frozen Q2 net profit down, below forecasts

Wed Aug 6, 2008 9:08pm EDT

BANGKOK, Aug 7 (Reuters) - Thai Union Frozen Products TUF.BK(TUF), Asia's biggest canned tuna exporter, said on Thursday second-quarter earnings fell 6.2 percent, missing analyst forecasts amid rising production costs.

TUF posted an April-June net profit of 403.4 million baht ($12 million), down from 430.2 million baht a year earlier and a 578 million baht net profit in the previous quarter.

Four analysts polled by Reuters had forecast an average net profit of 412 million baht for the quarter. ($1=33.60 Baht) (Reporting by Viparat Jantraprap; Editing by Kim Coghill)



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