Thai Beverage (ThaiBev) has reported earnings of 27.2 billion baht ($1.05 billion) for the FY2024 ended September, down 0.8% y-o-y from the same period last year.
Earnings per share for the period stood at 1.15 baht.
This came on the back of a decrease in earnings from the group’s spirit business and food business, which saw a 5.8% and 72.5% decrease respectively.
The group’s total sales revenue saw a 2.2% y-o-y increase to 340.3 billion baht, due to an increase in sales within ThaiBev’s spirit business and food business, which saw a 4.2% and 5.5% y-o-y increase respectively. That said, this was partially offset by a decrease in sales from the group’s publishing and printing business, which dropped by 6% y-o-y.
Gross profit for FY2024 stood at 103.2 billion baht, up 4.6% y-o-y, following a 0.4% y-o-y increase of gross profit from the group’s spirit business, a 5% y-o-y increase in the beer business, and an 11.1% y-o-y increase in the group’s non-alcoholic beverages business.
Meanwhile, ebitda stood at 61.7 billion baht, due to an increase in ebitda from the group’s beer, non-alcholic beverages, and others business.
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For the period, the group has declared a final dividend of 0.47 baht per share, bringing the full year dividend to 0.62 baht per share. The final dividend will be paid on Feb 28, 2025.
As at Sept 30, cash and cash equivalents stood at 32 billion baht.
Shares in ThaiBev closed 0.5 cents lower, or down 0.96%, at 51.5 cents on Nov 21.
