Thai Beverage Public Co reported a net profit after minority interests and tax of Baht24,644 million in FY2021 for the 12 months to Sept 30, up 8% y-o-y. However, sales revenue for the year fell by 5.1% y-o-y to Baht240,543 million for the year , a decrease of 5.1% year-on-year due to the continued impact of Covid and strict control measures implemented in Thailand and Vietnam to limit the spread of Covid.
Ebitda from normal operation excluding non-recurring items ease marginally (-0.9% y-o-y) to Baht46,629 million. The spirits business remained resilient and reported a marginal growth in Ebitda along with an improvement in EBITDA margin
Despite a decline in sales revenue, the beer business in Thailand delivered growth in Ebitda while the beer business in Vietnam reported lower Ebitda following a strict lockdown during 4QFY2021.
The sales revenue of food business was impacted from lockdown measures, including restaurant closures in shopping malls and the prohibition of dine-in services. However, the impact of the resurgence of the pandemic was partially mitigated by efforts to enhance home delivery and takeaway options, as well as by the prudent management of costs. Hence, Ebitda of the food business declined mid single digit compared to last year.
Reported Ebitda rose marginally (+0.2% y-o-y) to Baht46,629 million.
