- For FY24, Thai Beverage reported higher overall revenue (+2.2% y-o-y), driven by stronger revenue contributions across all beverage and food segments.
- FY24 EBITDA (+4.5% y-o-y) was also higher, driven by improved operational efficiencies from the beer and non-alcoholic beverage (NAB) segments but offset by soft performances from the spirits and food segments. As a result, FY24 EBITDA margin expanded slightly by 0.4ppt y-o-y.
Higher dividend declared.
- - Read this at SGinvestors.io -
- Also, the higher income taxes were largely due to the expiry of certain tax benefits.
Spirits segment: Soft performance.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Llelleythan Tan UOB Kay Hian Research | Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-22
Previous report by UOB:
2024-08-12 Thai Beverage - 3QFY24 Stable Performance As Beer Outperforms.
Price targets by 4 other brokers at Thai Beverage Target Prices.
Listing of research reports at Thai Beverage Analyst Reports.
Relevant links:
Thai Beverage Share Price History,
Thai Beverage Announcements,
Thai Beverage Dividends & Corporate Actions,
Thai Beverage News Articles
