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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

Sales in the spirits business rose 2.2%, the beer segment fell 11.3% while the NAB and food segments dropped 3.1% and 15.4% respectively.


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.


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