ThaiBev Q3 net profit up 162% on fair valuation gains
Sales continue to be dampened by mourning period in Thailand
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.
