Home News Results

'BeerCo', ThaiBev's impending spin-off, reports 1QFY21 earnings of $77 mil, up 72.4%

The Edge Singapore
The Edge Singapore2/11/2021 1:43 AM GMT+08  • 2 min read
'BeerCo', ThaiBev's impending spin-off, reports 1QFY21 earnings of $77 mil, up 72.4%
The spin off will create the largest beer “platform” in Asean, with a volume market share of 23.4% for FY2020.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

“Beerco”, the beer business poised to be spun off for a separate listing by Thai Beverage Public Co, has reported revenue of $1.3 billion for the 1QFY21 period ended Dec, down 11.4% y-o-y.

However, due to better cost control, the entity was able to report higher earnings of $77 million, up 72.4% y-o-y from $45 million recorded in 1QFY20.

“Beerco” sells mainly in Thailand, under its flagship brand “Chang”. It is also active in Vietnam, via the “Saigon” brand.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.