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Thai Beverage logs over 7% rise in nine-month profit

Thai Beverage logs over 7% rise in nine-month profit

- Singapore-listed Thai Beverage TBEV.SI (ThaiBev) posted a 7.2% rise in nine-month operating earnings on Thursday, helped by growth across all businesses on the back of effective brand investment and marketing activities.

The company, which brews the popular Chang beer, reported earnings before interest, tax, depreciation and amortisation (EBITDA) of 48.29 billion baht ($1.46 billion) for the nine months ended June 30, up from 45.03 billion baht a year earlier.


($1 = 33.1400 baht)


(Reporting by Shivangi Lahiri and Sneha Kumar in Bengaluru; Editing by Subhranshu Sahu)

((Sneha.Kumar@thomsonreuters.com;))

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