SUBSCRIBERS

ThaiBev Q2 net profit falls 14.5% in 'challenging' environment

Published Thu, May 14, 2020 · 09:50 PM

Singapore

THAI Beverage Public Co (ThaiBev) on Thursday saw second quarter net profit decline 14.5 per cent on the year to 4.95 billion baht (S$220 million), amid what it called a "challenging business environment".

ThaiBev said on Thursday that the Covid-19 outbreak "severely affected" all economic activities in Thailand.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Copyright SPH Media. All rights reserved.