Thai Beverage posts 2016 full-year profit of 18.9b baht

THAI Beverage Public Company made a net profit of 18.9 billion baht (S$756.3 million) in the nine months of its truncated 2016 financial year.

The group, which has changed its financial year-end from Dec 31 to Sept 30, recorded a net profit of 26.5 billion baht for the 12-month 2015 financial year in comparison.

Revenue for the nine months ended Sept 30 came in at 139.2 billion baht, while it stood at 172 billion baht for the 12 months ended Dec 31, 2015.

The group said that there was an increase in sales revenue from all segments in the nine months, compared to the previous year, as the Thai economy continued to expand at a gradual pace.

Thai Bev has declared a dividend of 0.6 baht per share for the 2016 financial year, compared with a dividend of 0.61 baht per share for 2015.