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Thai Beverage Announces 8 Percent Rise In 1H15 Net Profit

Shares Investment

Thai Beverage reported a rise of 8.2 percent in 1H15 net profit, from THB11.5 billion last year to THB12.4 billion.

Despite the additional 2 percent excise tax by law to National Sports Development Fund effective from March 2015 which resulted in sales volume decreasing in 2Q15, the group experienced a 4.4 percent rise in revenue to THB84.7 billion.

Cost of sales also saw a less than proportionate increase of 3.7 percent to THB59.2 billion, which coupled with a higher share of profit of associates helped lift the bottom line.



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