Thai Beverage (ThaiBev) has reported earnings of 5.93 billion baht ($252.0 million) for the 2QFY2021 ended March, 19.7% higher than earnings of 4.95 billion baht in the 2QFY2020.

This is due to higher earnings in the group’s spirits and beer businesses, as well as the lack of non-recurring costs and deferred tax utilisation related to the restructuring of ThaiBev’s beer business. The figure was mitigated by lower earnings registered from the group’s non-alcoholic beverages business, associated companies, as well as an increase in attributable loss of ThaiBev’s food business.

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