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Thai Bev reports slightly better 1QFY2022 operating profit of 14.7 billion baht

The Edge Singapore
The Edge Singapore2/14/2022 09:44 PM GMT+08  • 1 min read
Thai Bev reports slightly better 1QFY2022 operating profit of 14.7 billion baht
The company expects cost of raw materials, specifically molasses, to decrease in the coming quarters.
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In a business update, Thai Beverage has reported an operating profit of 14.7 billion baht ($580 mil) for 1QFY2022 ended Dec 2021, up 1.6% y-o-y. Revenue in the same period was up 7.4% y-o-y to 77.1 billion baht.

Of its four main business segments, its food segment – the smallest unit - generated the most improvement in operating profit, with an increase of 35.6% y-o-y to 545 million baht. Revenue was up 21% y-o-y to 3.8 billion baht.

On the other hand, operating profit of its spirit business, which is the largest among the four, reported revenue of 36 billion baht, up 3.6% y-o-y.

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