SINGAPORE (Feb 14): Thai Beverage (ThaiBev) recorded earnings of 7.42 billion baht (US$320.8 million) for the 1Q19 ended December, more than doubling from 2.96 billion baht a year ago.
Total revenue jumped 59.7% to 72.63 billion baht in 1Q19, from 45.48 billion baht a year ago.
Spirits revenue grew 28.6% to 31.68 billion baht during the quarter, largely due to increasing consumer purchasing power and the comparison against a low base in 1Q18, during which sales agents reduced purchase orders on...(click on link for full story on theedgesingapore.com)