18/05/2012 (Reuters) - Shares in cooking palm oil producer Lam Soon (Thailand) , which gained as much as 10.3 percent to its highest in almost a year, retreated slightly to be up 4.4 percent at 4.24 baht ($0.13) as the company's comments eased profit hopes.

Lam Soon was among a list of firms receiving allocation of the government's low-price crude palm oil import to sell to consumers at a controlled price.

The company said the low-price crude palm oil raw material would not significantly boost its profits, executive director Anchalee Suebchantasiri told Reuters.

Expectations of high margins lifted its share price in early trade.