Thai Beverage Public Company Limited (“ThaiBev”) published the performance of the first quarter of 2016.
According to the company’s report ThaiBev beer sales by volume increased by 61.1% against the first quarter of 2015 and reached 273 million liters. The sales revenue in the beer segment increased by 71.3% to 18.034 billion baht.
Among the beverage segments of the company, the beer segment had the biggest growth of the net profit, that is, 174.6%. The sales profitability amounted to 9.1%, which is 3.4 p.p. higher than the same period the previous year.
The biggest cost item for the company was paying the excise tax, 58.9% of the total revenue. The previous year, this tax accounted for 57.3% of the total revenue.