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ThaiBev Q3 net profit up 162% on fair valuation gains

Sales continue to be dampened by mourning period in Thailand

Nisha Ramchandani

Published Fri, Aug 11, 2017 · 09:50 PM

Singapore

DESPITE softer sales in certain segments, Thai Beverage Public Company's (ThaiBev) net profit for the third quarter ended June 30 soared 162 per cent to 15.23 billion baht (S$623.8 million), boosted by the recognition of fair valuation gains on financial assets.

Fair valuation gains on F&N/FCL's financial assets worked out to nearly 8.5 billion baht. In comparison, there was no such gain in the corresponding quarter a year ago.

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