ThaiBev rides on holiday cheer as Q1 profits set to rise 11%

Submitted By:  Staff Reporter Case Study:  No Its SABECO operations continue to show positive results after completing its restructure process. ThaiBev's profits are set to rise 11% to $255.3m (฿5.9b) in 1Q2019 from $229.3m (฿5.3b) as the usual year-end festivities boost beer sales, according to CGS-CIMB. This could account for over a quarter ( 27.5%) of the company’s FY19 profits. Revenue could soar 50% YoY to $2.95b (฿68.3b) as SABECO continues to record positive results following its restructuring, however finance costs are likely to rise following previous acquisitions. read more