, Singapore
214 views
Photo from ThaiBev website

ThaiBev net profit rose by 20% in Q2 as gov’t restrictions loosen

Net profit went up to $285m (THB 7b).

SGX-listed ThaiBev posted a net profit of $285m (THB 7b) in the second quarter (Q2) of 2022, which is up by 20% from $237m (THB 5.9b) in the same period last year after the health crisis improved.

Under sales revenue, the beverages firm reported an increase of 10.7% from $2.38b (THB 59.4b) in Q2 2021, which is until March 2021, to $2.63b (THB 65.8b) in Q2 2022, which ended March 2022.

Under its spirits business, sales revenue inched up by 0.2% from $1.167b (THB 29.105b) in Q2 2021 to $1.169 (THB 29.171b) in the same quarter this year.

The beer business also improved its sales revenue, recording a 20.3% increase from $952m (THB 23.757b) in Q2 2021 to $1.146b THB 28.580b in Q2 2022.

The growth was on the back of improvement in its beer business in Thailand and Vietnam, ThaiBev said.

For non-alcoholic beverages (NAB), sales revenue climbed by 8.5% from $1.557b (THB 3.885b) in Q2 2021 to $1.690b (THB 4.216b) in Q2 2022. The NAB business also recorded a 31.5% growth in net profit, which is attributed to prudent cost management.

ThaiBev’s food business also grew by 41.6% from $1.105b (THB 2.757b) in Q2 2021 to $1.565b (THB 3.903b) in Q2 2022. Its net profit rose by 261.5% YoY due to loosened government restrictions and the revival of dining-in services.

$1 = THB 24.94

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!