Thailand: Thai Beverage Q3 net profit up 19 pct on strong beer sales

Singapore-listed Thai Beverage, Thailand's largest brewer and distiller, said its third quarter net profit rose 19%, helped by stronger sales from its spirits and beer businesses, Reuters informed on November 12th.

The company, which also makes non-alcoholic drinks and owns restaurants, had a net profit of 2.23 billion baht ($74.86 million) for the three months ended Sept 30, up from 1.88 billion baht a year ago, it said in a statement.

Thai Beverage's revenue surged 26% to 27.27 billion baht in July-September, from 21.56 billion baht a year ago.

12 November, 2010