ThaiBev full-year net profit up 29.7% at 23.3b baht

Singapore

THAI Beverage's (ThaiBev) full-year net profit swelled 29.7 per cent to 23.3 billion baht (S$1.1 billion), lifted by a stronger showing from its spirits business and its mainboard-listed units, Frasers & Neave (F&N) and Frasers Property (FPL).

The board has proposed a final dividend of 0.33 baht per share. Taken with the interim dividend of 0.15 baht paid, this will give a total distribution of 0.48 baht per share for fiscal 2019, up from 0.39 baht previously.