Thai Public Beverage Co has reported a rise in profits for the third quarter of 2010, but its beer division remains in the red.

Net profits for the three months to the end of September increased by around 19% to THB2.2bn (US$74m), Thai Public Beverage Co (ThaiBev) said today (12 November). Lower interest payments inflated headline earnings, with the drinks group’s earnings before interest, tax, depreciation and amortisation (EBITDA) up by just 2% on the same quarter of 2009.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The third quarter performance helped to reduce the effects of a tough first half of 2010, although the company’s net profits for the first nine months of the year were still down by 5%, at THB7.3bn.

Beer has been the main drag on ThaiBev’s earnings in the last 18 months. The division was THB293m in the red in the third quarter of 2010, although this compared to losses of THB639m in the same period of 2009.

Stay informed for just £1! *

Get access to unbiased and data-driven news with a subscription to Just Drinks.

What’s included in your subscription:

  • Unlimited access to Just Drinks content including daily global news, in-depth analysis, and interviews with C-suite executives
  • Unbeatable coverage of categories from beer, wine and spirits to soft drinks and hot
    beverages
  • Unrivalled drinks industry comment from Dean Best, Jessica Broadbent and leading sector specialists

Have a Subscribtion Sign in

Get help with subscribing or signing in

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
*30-day digital subscription for £1. Available to new subscribers only