, Singapore

Thai Bev's net profit up 16.4% to S$120m in 3Q12

That includes Serm Suk and F&N operating results.

According to a release, for the third quarter ended 30 September 2012, the Company has included Serm Suk and F&N operating results in the group.

For the third quarter ended 30 September 2012, total sales revenue of the Company was Baht 37,578 million, an increase of 28.4% or Baht 8,316 million, from Baht 29,262 million of last year, due to an increase of sales revenue from the spirits business of 13.7%, the non-alcoholic beverages business of 304.1% and the food business of 25.1% although there was a decrease of the beer business of 1.3%.

Sales revenue excluding Serm Suk was Baht 31,750 million, an increase of 8.5% or Baht 2,488 million.

Gross profit was Baht 11,094 million, an increase of Baht 3,643 million, or 48.9%, due to an increase of gross profit in the spirits business of 37.9%, the beer business of 35.4%, the non-alcoholic beveragesbusiness of 235.5% and the food business of 21.4%.

Gross profit excluding Serm Suk was Baht 10,035 million, an increase of 34.7% or Baht 2,584 million.

Earnings before interest, tax, depreciation and amortization (EBITDA) was Baht 5,791 million, an increase of Baht 1,244 million, or 27.4%, due to an increase of EBITDA in the spirits business of 49.9%, the non-alcoholic business of 147.1%, the food business of 36.7% and a decrease of EBITDA loss in the beer business of 24.7% although a loss from F&N operating results.

EBITDA excluding Serm Suk and F&N operating results was Baht 6,807 million, an increase of 49.7% or Baht 2,260 million. EBITDA excluding F&N operating results was Baht 7,182 million.

Net profit was Baht 3,041 million (around S$120m), an increase of Baht 428 million, or 16.4%, due to an increase of net profit in the spirits business of 71.1% , the food business of 77.8% and a decrease of net loss in the beer business of 21.9% although there was a decrease of net profit in the non-alcoholic beverages business of  86.1% and a loss from F&N operating results .

Net profit excluding Serm Suk and F&N operating results was Baht 4,566 million, an increase of 74.7% or Baht 1,953 million. Net profit excluding F&N operating results was Baht 4,701 million.  

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