ThaiBev FY profit up 38.5%

Singapore

THAI Beverage reported net profit of 34.7 billion baht (S$1.43 billion) for the 12 months ended Sept 30, a 38.5 per cent jump from the same period last year.

This came on the back of higher profits for spirits and food segments as well as contributions from Fraser & Neave (F&N) and Frasers Centrepoint Limited (FCL). Also, net profit was buoyed by a lower net loss in its non-alcoholic beverages business.