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Thai Beverage Public Company Limited’s Latest Results: Net Profit Fell 12%

Last Friday, Thai Beverage Public Company Limited (SGX: Y92) reported its second-quarter earnings results. 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 quarter:

  1. Revenue was up 3.6% year-on-year to THB 70.0 billion.
  2. Earnings before interest, tax, depreciation and amortization (EBITDA) fell by 0.9% as compared to last year to THB 11.8 billion.
  3. Net profit attributable to shareholders declined by 12.2% year-on-year to THB 5.8 billion.
  4. EBITDA margin weakened from 17.6% for the same period last year to 16.8% in this quarter. Similarly, net profit margin fell from 10.9% last year to 9.7% in this period.
  5. As of 31 March 2019, Thai Beverage had cash and cash equivalents of THB 22.7 billion and total borrowings of THB 223.9 billion. This gives a net debt position of THB 201.2 billion.
  6. Gearing ratio (net debt to equity) stood at 126% as of 31 March 2019.
  7. Sales volume for Beer and Non-alcoholic beverage grew by 10.6% and 3.1%, respectively, year-on-year. On the other hand, sales volume for Spirits and Soda Water fell 2.9% and 4.8%, respectively, year-on-year.
  8. For the quarter, Spirits, Beer, Non-alcoholic and Food accounted for 44.0%, 44.7%, 6.0%, and 5.3% of Thai Beverage’s revenue, respectively.
  9. Spirits, Beer, Non-alcoholic and Food took up 88.3%, 12.2%, -3.0%, and 2.5% of Thai Beverage’s net profit, respectively, for the quarter.
  10. Thai Beverage declared an interim dividend of THB 0.15 for the quarter.

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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.