ThaiBev jumps with 11.5% YoY increase for 9 months FY21

The EBITDA reached a recorded $1.49b (Baht 36.63m).

ThaiBev announced an 11.5% climb in their earnings before interest, taxes, depreciation, and amortization with it reaching a recorded $1.49b (Baht 36.63m).

The period includes the nine months of the financial year 2021, which ended on 30 June, and can be attributed to the diversity of their portfolio and the reduction of selling expenses in Myanmar and Thailand.

Meanwhile, the company also recorded a 3.6% increase in generated sales revenue totalling $3.72b (Baht 91.63m).

Despite this positive cash flow, the group recorded 1.1%, 6.4% and 12.9% declines in beer, non-alcoholic beverages and food divisions, respectively.

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