Thai Beverage Public Co reported a net profit after minority interests and tax of Baht24,644 million in FY2021 for the 12 months to Sept 30, up 8% y-o-y. However, sales revenue for the year fell by 5.1% y-o-y to  Baht240,543 million for the year , a decrease of 5.1% year-on-year due to the continued impact of Covid and strict control measures implemented in Thailand and Vietnam to limit the spread of Covid. 

Ebitda from normal operation excluding non-recurring items ease marginally (-0.9% y-o-y) to Baht46,629 million. The spirits business remained resilient and reported a marginal growth in Ebitda along with an improvement in EBITDA margin

Despite a decline in sales revenue, the beer business in Thailand delivered growth in Ebitda while the beer business in Vietnam reported lower Ebitda following a strict lockdown during 4QFY2021.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook