SUBSCRIBERS
Thai Bev Q1 net profit down on lower revenue, acquisition costs
Published Wed, Feb 14, 2018 · 09:50 PM
Singapore
THAI spirits maker Thai Beverage has posted a first quarter net profit of 2.91 billion baht (S$122 million), down 62.3 per cent from the same period a year earlier.
The fall was largely due to non-recurring business acquisition costs of 2.35 billion baht from the four acquisitions it completed in the first quarter.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly