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ThaiBev Q3 net profit up 162% on fair valuation gains

Sales continue to be dampened by mourning period in Thailand
Saturday, August 12, 2017 - 05:50

ThaiBev reports weaker sales of beer (-7.1 per cent), non-alcoholic beverages (-4.1 per cent) and food (-2.3 per cent).


DESPITE softer sales in certain segments, Thai Beverage Public Company's (ThaiBev) net profit for the third quarter ended June 30 soared 162 per cent to 15.23 billion baht (S$623.8 million), boosted by the recognition of fair valuation gains on financial assets.


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