SINGAPORE (Feb 14): Thai Beverage reported a 62% fall in 1Q earnings to THB2.91 billion (S$122 million) from THB7.71 billion, given there were one-off expenses of THB2.35 billion related to acquisitions in this quarter and finance costs related to Sabeco acquisition.
Total revenue dipped 3% to THB45.97 billion, from THB46.99 billion.
Sales of spirits business increased 5.8% to THB24.8 million, even though sales agents in Thailand reduced their purchase orders after the announcement of an excise tax hike in September 2017, as a result of...(click on link for full story on theedgesingapore.com)