“Beerco” sells mainly in Thailand, under its flagship brand “Chang”. It is also active in Vietnam, via the “Saigon” brand.
“Beerco”, the beer business poised to be spun off for a separate listing by Thai Beverage Public Co, has reported revenue of $1.3 billion for the 1QFY21 period ended Dec, down 11.4% y-o-y.
However, due to better cost control, the entity was able to report higher earnings of $77 million, up 72.4% y-o-y from $45 million recorded in 1QFY20.
