On the other hand, operating profit of its spirit business, which is the largest among the four, reported revenue of 36 billion baht, up 3.6% y-o-y.
However, due to higher raw material cost, specifically molasses, operating profit was down 2.3% y-o-y to 9 billion baht. Nevertheless, Thai Bev expects cost of molasses to trend down in the coming quarters.
Thai Bev closed Feb 14 at 66 cents, unchanged for the day, and unchanged year to date as well.
