Thai Beverage attributes the improved numbers to the continued recovery of the Thai economy which includes easing of travel restrictions in Thailand. The reopening of bars, pubs and nightclubs has led to higher consumption of alcohol.
Thai Beverage has reported earnings of 30.1 billion baht ($1.16 billion) for FY2022 ended Sept 30, up 22% over FY2021. Revenue, in the same period, was up 13% to 272.4 billion baht.
The company, whose flagship product is the Chang brand beer, plans to pay a total dividend of 0.6 baht per share for whole of FY2022, up from 0.5 baht paid last year. Both dividend amounts translate into a payout ratio of around 50%.
