13 February, 2020

Thailand: ThaiBev’s Q1 net profit rises 14%

Thai Beverage PCL said its first-quarter net profit rose 14% due to an improvement across all its beverage segments, Morningstar.com reported on February 14.

Net profit for the quarter ended December rose to 8.42 billion baht ($270.4 million) from THB7.42 billion a year earlier, the company said.

Revenue from sales and services rose 4.0% to THB75.68 billion, it said.

Domestic sales volume grew, led by the beer segment, Thai Beverage said.

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