Thai Beverage Pcl Ord (TBVPF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining the Thai Beverage First Half 2024 Results Call. All participants have been placed in a listen-only mode. Later, we will conduct a question and answer session, and instructions will be given at that time. I will now hand over the call to the presenters, Ms. Nam Phon Angutsuturungzi, Thai BEF Head of Investor Relations, and the members of Thai BEF's Senior Management Team. Thank you. good evening ladies and gentlemen welcome to thai barrage first half 2024 ended the 31st of march 2024 financial resource conference call i am namphoon angsutha langsi head of investor relations for the call tonight i will start with a summary of our first half results then we will open the line for q a with our management team here For the summary of the first half results, total sales revenue of the company for the first six months was 147,742 million baht, a slight decrease of 0.4% when compared to the same period last year. This was due to a decrease in sales revenue of the beer business. The net profit was $16,917 million, a decrease of 4.9% compared to the same period last year. This was due to a decrease in net profit of the food business and associated companies, partly offset by an increase in net profit of the spirits, beer, and non-alcoholic beverages business. Thai BEPS Board of Directors agreed to propose an interim dividend payment of 3,769 million baht or 0.15 baht per share, the same as last year. For the highlight of our first half results, in the first half of 2024, the split business generated sales revenue of 65,497 million, a 0.5% year-on-year increase Due to price adjustment and the portfolio mix, in light of the effective management and operational and administrative expenses, the business saw an improvement in net profit margin while maintainin...