ThaiBev revenue up 2.5%, net profit slipped 10.9% in 2023

Sales in spirits and beer also saw a decline.

ThaiBev sales revenue grew 2.5% YoY to THB279.1b ($10.6b) from THB272.4b ($10.3b) following an overall economic activity improvement in Thailand.

In FY23, net profit declined by 10.9% to THB30.7b YoY ($1.16b) from THB34.5b ($1.31b) in FY22.

EBITDA also dipped 5.7% to THB50.8b ($1.9b) from THB53.9b ($2b).

On a YoY basis, total sales in spirits and beer decreased by 2.1% and 6.6% respectively. Meanwhile, non-alcoholic beverages saw a 7.1% increase.

Follow the link for more news on

ThaiBev

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia