ThaiBev full-year profit dips 2% to 22.75b baht
Pandemic weighing on Thailand's alcoholic and non-alcoholic beverage industry in 2020; full-year revenue falls 5.2% to 253.48b baht
Claudia Tan HS
Singapore
THAI Beverage Public Co (ThaiBev) reported a 2 per cent dip in net profit to 22.75 billion baht (S$1 billion) from 23.27 billion baht for the full year ended Sept 30, 2020, dragged by the overall contraction in the beverage industry due to Covid-19 prevention measures.
The board has proposed a final dividend of 0.36 baht per share. Taken with the interim dividend of 0.10 baht paid, this will give a total distribution of 0.46 baht per share for fiscal year 2020, down from 0.48 baht previously. The final dividend will be paid on Feb 25, 2021.
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