(February 17 12:16) Sbr.com.sg
Submitted By:
Nathanielle Punay
Case Study:
No
Net profit of its beer business skyrocketed 158.4% YoY.
Thai Beverage (ThaiBev) saw its profits rise by 14% YoY in Q1 to $375.63m (฿8.42b) from $330.87m (฿7.42b) in 2019, according to an SGX filing. Revenue edged up 4% YoY to $3.38b (฿75.68b) to (฿72.63b).
The revenue growth was attributed to an increase in sales of spirits business of 8.8%, beer business of 0.2%, non-alcoholic beverages business of 4.4% and food business of 1.5%.
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