Thai Beverage's annual profit slips on rising marketing costs (updated)

Thai Beverage Public

21/11/2024 11:41

(Adds details on results in paragraphs 1, 3, 4)
       Nov 21 (Reuters) - Singapore-listed Thai Beverage
 TBEV.SI  reported a full-year profit on Thursday that fell 1%,
hurt by a slowdown at the company's spirits and food businesses
due to rising marketing costs.
    ThaiBev, one of Southeast Asia's largest beverage makers,
reported a profit attributable of 27.22 billion baht ($785.3
million) for the year ended Sept. 30, compared with 27.43
billion baht a year earlier.
    The company's spirits business reported a profit
attributable of 20.77 billion baht for the year, down 6%, due to
an increase in marketing costs and raw material prices.
    ThaiBev also announced a final dividend of 0.47 baht per
share for the year.

 ($1 = 34.6600 baht)

 (Reporting by Shivangi Lahiri and Ayushman Ojha in Bengaluru;
Editing by Sonia Cheema and Shounak Dasgupta)
 ((ayushman.ojha@thomsonreuters.com))