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ThaiBev poised for a turnaround, but can its shares continue to climb?

Uma Devi
Uma Devi • 4 min read
ThaiBev poised for a turnaround, but can its shares continue to climb?
SINGAPORE (Aug 21): Things seem to be looking up for Thai Beverage.
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SINGAPORE (Aug 21): Things seem to be looking up for Thai Beverage.

The group in 3Q19 reported a 22% increase in earnings to THB6.7 billion ($302 million), from THB5.4 million in the same quarter last year, on the back of stronger sales volumes and better margins across the majority of its business segments.

Total revenue for the quarter rose 3% THB62.7 billion, from THB60.7 billion a year ago, supported by an increase in sales of its spirits, non-alcoholic beverages and food business segments.

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