ThaiBev mulling price increase on key products amid cost pressures; FY21 net profit up 8.3% to 24.6 billion baht

Uma Devi

Published Fri, Nov 26, 2021 · 09:18 PM

THAI Beverage Public Company (ThaiBev) Y92 : Y92 0%on Friday (Nov 26) reported net profit of 24.6 billion baht (S$1 billion) for the full fiscal year 2021 ended September, some 8.3 per cent higher than earnings of 22.8 billion baht in the year-ago period.

This was due primarily to a positive impact from non-recurring costs and deferred tax utilisation related to the restructuring of the group's beer business last year, which amounted to 2.66 billion baht, said the company in a regulatory filing.

This translates to earnings per share of 0.98 baht, versus 0.91 baht in FY20.

Revenue for the year fell 5.1 per cent to 240.5 billion baht from 253.5 billion baht in FY20, on the back of a …