Thai Bev First Half Profit Drops 3 Percent on Weak Sales

Thai Beverage reported a 3 percent decline in first-half profit to 14.24 billion baht. Weak food and non-alcoholic sales offset gains in spirits and beer.

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Thai Beverage reported a 3% drop in first-half profit to 14.24 billion baht for the period ending March 31. The result follows a 14.71 billion baht profit during the same period last year. Weakness in food and non-alcoholic segments offset gains in the core spirits business as consumer demand softened.

Non-Alcoholic and Food Segments Under Pressure

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