ThaiBev's Q2 net slips 1% to 5.8b baht, dragged down by S'pore-listed units

Singapore

THAI Beverage Public Co's second-quarter net profit slipped 1 per cent to 5.8 billion baht (S$224 million), or 0.23 baht per share, as lower contributions from its Singapore-listed units offset a 17 per cent growth in operating profit.

The brewer of Chang beer is declaring an interim dividend of 0.20 baht per share, up from its year-ago payout of 0.15 baht per share.

Two analysts polled by Bloomberg had an average expected earnings per share of 0.26 baht for the quarter.

For the half-year ended June 30, net profit is up 16 per cent at 14.4 billion baht, or 0.…