Pivnoe Delo
abbey-beer-icon

pivnoe-delo_logo5

Top articles

Journals

Thailand. ThaiBev’s net profit jumps 30% to $333m in Q1

Thanks to contributions from spirits, beer segments.

Thai Beverage PLC’s (ThaiBev) 1Q16 net profits bubbled up 30% YoY to THB8.6b (roughly $333m) thanks to increased profitability of Fraser and Neave/Frasers Centrepoint Limited as well as growth in ThaiBev’s spirits, beer, and food segments.

According to a report by OCBC, ThaiBev also saw a narrowed net loss for nonalcoholic beverages (NAB) during Q1.

Meanwhile, ThaiBev’s revenue for the quarter grew 20.7% to THB55.2b ($2.14b) thanks to growth in sales of spirits, beer, and NAB divisions. However, food segment’s sales posted a marginal pullback.

“Recall that in 4Q, their market share had increased from 30% to 38%. NAB losses narrowed We previously mentioned that NAB losses may narrow for the year, as FY15 included the launch of 100+, Jubjai, and Oishi in Malaysia,” notes OCBC.

Aside from the anticipated decrease in SG&A expenses, growth in volume was propelled by products like Jubjai, drinking water, and Est. With the lower oil prices, ThaiBev was also able to enjoy favourable packaging costs.

With regards to the the proposed sugar tax on soft drinks in Thailand, management asserts ThaiBev is ready with potential options like product innovation and possible reductions in sugar content.

16 May. 2016

Advertising

pilsena_en
gea
sidel100x100
jg
portinox

Main topics

Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Filter by Custom Post Type
Filter by Categories
Home
Magazines
News
×