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Uniliver Thai Trading sees shrinking profits.
(From Thai Press Reports)
Section: Corporate News - Unilever Thai Trading Co Ltd has faced reduced profits for the past two years, mainly because of increasing costs, particularly those of raw materials and diesel, The Nation reports.
The tough business environment has prompted the company to streamline its management and hold back on new investments, giving the go-ahead only to expansion considered absolutely necessary.
In this manner, the company hopes to pare back its costs.
Company chairman Leo Oosterveer said increasing costs were now a global problem and were directly affecting the global economy.
This has spurred Unilever's research centres - operating in more than 100 countries - to try and find a way out. One solution is to produce better-quality products and to cut manufacturing costs at its 150 plants.
"The company's profit growth was in the single-digit column last year but its total revenue achieved double-digit growth to reach Bt30 ...
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