ThaiBev cautious about recovery, stays competitive with wider offerings

THAI Beverage Public Co (ThaiBev) said in a post-earnings conference call on Thursday evening that it does not expect a huge jump in sales in the months ahead as the pandemic's impact lingers.

Even as its spirits business remains resilient through its off-trade channels, sales revenue from the beer, non-alcoholic beverages (NAB) and food segments continue to suffer.

ThaiBev reported a 2 per cent dip in net profit to 22.75 billion baht (S$1 billion) for the full year ended Sept 30, 2020, from 23.27 billion baht a year ago.

For the Vietnam market, ThaiBev anticipates some softness in the coming months before buying starts again during the country's Lunar New Year, or Tet, celebration. This comes as V…

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