Singapore's Thai Bev posts higher revenue for 9 months as beer sales improve (updated)

Thai Beverage Public

08/08/2024 13:44

(Adds further details from paragraph 2)
       Aug 8 (Reuters) - Singapore-based Thai Beverage
 TBEV.SI  on Thursday posted a 2.2% rise in its nine-month
revenue, driven by an increase in sales for its top performing
beer business as well as the non-alcoholic beverages segment.
    The Bangkok-headquartered firm reported "satisfactory" sales
volume growth for beer in Thailand due to a recovery in tourism
and as the company benefitted from warmer weather.
        The group's revenue was 217.06 billion baht ($6.15
billion) for the nine months ended June 30, up from 215.89
billion baht a year earlier.
  
        Thai Beverage's beer business, which produces and
distributes the Chang lager, generated 93.79 billion baht of
sales revenue for the nine-month period, 0.6% higher than a year
ago, while the spirits business reported a 0.9% drop in sales
revenue. 
  
    The beverage maker posted earnings before interest, tax,
depreciation and amortisation (EBITDA) of 38.60 billion baht for
the nine months, compared with 37.77 billion baht a year
earlier.


($1 = 35.3000 baht)

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Sonia
Cheema)
 ((Shivangi.Lahiri@thomsonreuters.com;))