- 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.
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- Also, the higher income taxes were largely due to the expiry of certain tax benefits.
Spirits segment: Soft performance.
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