ThaiBev's Q1 profit improves 14%

Singapore

A MORE spirited showing in the non-alcoholic beverage and spirits segments helped boost Thai Beverage Public Co's first quarter net profit to 8.4 billion baht (S$380 million), a 14 per cent improvement from 7.4 billion baht a year ago.

Revenue for the three months to December 2019 came in at 75.7 billion baht - a 4.2 per cent improvement from 72.6 billion baht a year ago on the back of an increase in sales across all four business segments.