Thai Beverage reports 30 per cent jump in Q1 profit
THAI Beverage Public Co posted a 30 per cent rise year on year in net profit to 8.56 billion baht (S$332.73 million) for the first quarter ended March 31, 2016.
The bottom line was bolstered by higher profit at its spirits business, beer business, food business and Fraser & Neave/Frasers Centrepoint, as well as reduced losses at its non-alcoholic beverages business.
Revenue was 21 per cent higher at 55.18 billion baht, on the back of an increase in sales revenue of its spirits business, beer business and non-alcoholic beverages business.
Earnings per share were 0.34 baht, rising from 0.26 baht a year ago.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Frasers Centrepoint Trust posts 1.8% drop in H1 DPU to S$0.06022
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
US seeks 36 months’ jail for Binance founder Zhao
Keppel’s Q1 revenue down 6.3% to S$1.5 billion; net profit up with exclusion of legacy O&M assets
Cisco says hackers subverted its security devices to spy on governments
Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife