The Motley Fool

Thai Beverage Public Company Limited’s Full Year Results: Revenue Up 21% But Net Profit Almost Halved

On Monday, Thai Beverage Public Company Limited (SGX: Y92) reported its full year results for the financial year ended 30 September 2018 (FY18). As a quick introduction, Thai Beverage is a company operating in four different segments, namely, Spirits, Beer, Food, and Non-Alcoholic Beverages.

Here are 10 things investors should know about Thai Beverage’s latest results:

1. Revenue was up 20.9% year-on-year to THB 229.7 billion.

2. Yet, EBITDA (earnings before interest, tax, depreciation and amortisation) declined by 19.8% as compared to last year to THB 36.2 billion.

3. Net profit attributable to shareholders declined 46.3% year-on-year to THB 18.5 billion.

4. EBITDA margin declined from 23.7% for the same period last year to 15.7% in FY18. Similarly, net profit margin was down from 18.3% last year to 9.0% in FY18.

5. Sales volume for Spirits, Soda Water, Beer and Non-alcoholic beverage were up by 1.2%, 15.4%, 140.6% and 0.2%, respectively, year-on-year.

6. As at 30 September 2018, the Group had cash and cash equivalents of THB 22.5 billion and total borrowings of THB 231.3 billion. This gives a net debt position of THB 208.8 billion, up from the THB 30.7 billion recorded on 30 September 2017.

7. Gearing ratio (net debt to equity) stood at 149% as at 30 September 2018, up from 23% as at 30 September 2017.

8. In FY18, Spirits, Beer, Non-alcoholic and Food accounted for 46.1%, 41.1%, 7.1% and 5.8%, respectively, of Thai Beverage’s revenue.

9. For the year, Spirits, Beer, Non-alcoholic and Food accounted for 89.3%, 14.2%, -6.3% and 2.8%, respectively, of Thai Beverage’s net profit.

10. Thai Beverage announced a final dividend of THB 0.24 per ordinary share. Including the THB 0.15 interim dividend paid, the total dividend per share for FY18 is THB 0.39. This is down from THB 0.67 dividend per share paid in FY17.

Worried about the overall state of the market? Do you know the 1 thing you should never do in the stock market? The Motley Fool Singapore’s new e-book lays out a plan to handle market crashes, details the greatest advantage you have as an investor, and looks at decades worth of market data to bring you the smartest insights on investing. You can download the full e-book FREE of charge—Simply click here now to claim your copy

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.