Thai Beverage's first-quarter profit falls marginally

Reuters
02-13
Thai Beverage's first-quarter profit falls marginally

Feb 13 (Reuters) - Singapore-listed Thai Beverage TBEV.SI posted a marginal decline in first-quarter profit on Thursday, as weakness in its spirits business offset growth in other segments.

ThaiBev, one of Southeast Asia's largest beverage makers, logged earnings before interest, tax, depreciation, and amortization (EBITDA) of 16.44 billion baht ($486.68 million) for the quarter, compared with 16.58 billion baht a year ago.

($1 = 33.7800 baht)

(Reporting by Sneha Kumar and Nichiket Sunil in Bengaluru; Editing by Mrigank Dhaniwala)

((Sneha.Kumar@thomsonreuters.com;))

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