Thai Beverage profit up 21.7%

It would have been higher if not for the loss from the company’s beer business.

Thai Beverage reported:

For the third quarter ended 30 September 2011, total sales revenue of the Company was Baht 29,262 million, an increase by Baht 2,243 million, or 8.3%, from Baht 27,019 million of the corresponding period of last year, due to an increase of sales revenue from the spirits business of 14.9% , the nonalcoholic beverages business of 16.0% and the food business of 10.6% although there was a decrease from the beer business of 6.5%

Gross profit was Baht 7,451 million, an increase by Baht 667 million, or 9.8%, due to an increase of gross profit from the spirits business of 13.7%, the non-alcoholic beverages business of 5.6% and the food business of 5.6% although there was a decrease of gross profit from the beer business of 12.2%.

Earnings before interest, tax, depreciation and amortization (EBITDA) was Baht 4,547 million, an increase by Baht 367 million, or 8.8%, due to an increase of EBITDA from the spirits business of 13.5%. Although there was an increase of EBITDA (loss) from the beer business of 108.6% and a decrease of EBITDA from the non-alcoholic beverages business of 15.7% and the food business of 1.1%.

Net profit was Baht 2,613 million, an increase by Baht 466 million, or 21.7%, due to an increase of net profit from the spirits business of 27.1%. Although there was an increase of net loss from the beer business of 45.5% and a decrease of net profit from the non-alcoholic beverages business of 16.5%, the food business of 18.2%.

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