Thai Bev Q1 net profit down on lower revenue, acquisition costs

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.