English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Ukrainean Chinese Polish Korean
Logo Slogan_Italian

CASTLE MALTING NEWS in partnership with www.e-malt.com Italian
08 January, 2018

Brewing news Thailand & Singapore: ThaiBev reports higher overall net profit but beer business performance disappoints

Thai Beverage Public Company Limited's (ThaiBev) net profit for 2017 hit $1.44 bln (THB34.68 bon), an increase of 38.5% or $401.11 mln (THB9.65b) from $1.04 bln (THB25.03 bln) of last year, the Yahoo Finance reported on January 11.

According to its annual report, this was due to an increase in net profit of spirits business of 2.1%, food business of 18.2%, and Fraser & Neave (F&N) and Frasers Centrepoint Limited (FCL) of 265.2%, and a decrease in net loss of non-alcoholic business of 45.5%, albeit there was a decrease in net profit of beer business of 4.1%.

Net profit excluding F&N and FCL hit $948.02 mln (THB22.8 bln), up 4.7% from $905.61 mln (THB21.78 bln) in 2016.

However, ThaiBev's sales fell by $1.5 mln (THB36 mln) or 0.02% to $7.9 bln (THB190 bln), due to weaker sales in its beer business, which fell 4.7%.

Sales of non-alcoholic beverages also dipped 0.9%, albeit there was an increase in sales of spirits business of 2.6% and food business of 1.5%.

ThaiBev changed their fiscal year from 1 January to 31 December to 1 October to 30 September.


E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .