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Thai Beverage Public Co ( (SG:Y92) ) just unveiled an announcement.
Thai Beverage Public Company Limited reported a 2.4% year-on-year increase in sales revenue for the first quarter ended 31 December 2024, driven by significant growth in the beer and non-alcoholic beverage segments. The beer business saw an 8.0% increase in sales revenue and a 16.6% rise in EBITDA, attributed to lower raw material costs and effective marketing strategies. However, the spirits segment experienced a decline in sales revenue by 4.8% due to increased raw material costs and marketing expenditures. The company’s strategic focus on brand investments and market expansion has positively impacted its operations, though challenges remain in the spirits segment.
More about Thai Beverage Public Co
Thai Beverage Public Company Limited, commonly known as ThaiBev, is a leading beverage company based in Bangkok, Thailand. The company operates in various segments including spirits, beer, non-alcoholic beverages, and food. ThaiBev is focused on expanding its market presence across key markets and continues to invest in brand development and marketing activities.
YTD Price Performance: 1.39%
Average Trading Volume: 186,996
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.56B
See more data about Y92 stock on TipRanks’ Stock Analysis page.
