Thai Beverage's nine-month net profit falls 7 per cent

Singapore

DESPITE higher revenue, Thai Beverage Public Company's (Thai Bev) net profit fell 7 per cent for the first nine months of the year in the absence of a gain from the disposal of interest in an associate.

The group recorded a net profit of 18.9 billion baht (S$757 million) for the nine months ended Sept 30, 2016, down from 20.4 billion baht for the same period last year. Thai Bev, 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.