Gross profit was Baht 28,701 million, a decrease of Baht 2,583 million, or 8.3%, due to lower gross profit in beer business of 38.3% although gross profit in the spirits business rose 5.4%, while the non-alcoholic beverage business grew 29.3%, the food business grew 26.7% and the industrial alcohol business grew 1,550.0%. Earnings before interest, tax, depreciation and amortization (EBITDA) was Baht 20,607 million, a decrease of Baht 1,522 million, or 6.9%, due to decreases in the beer business of 55.3% and the food business of 14.3% while there was an increase in the spirits business of 10.9%, the non-alcoholic beverage business of 9.7% and the industrial alcohol business of 852.3%. Net profit was Baht 10,606 million, a decrease of Baht 337 million, or 3.1%, due to lower net profit in the beer business of 80.1%, the non-alcoholic beverage business of 58.4% and the food business of 17.1% although there was higher net profit in the spirits business of 9.6% and in the industrial alcohol business of 284.5%.
Beer Business For the year 2008, sales revenue was Baht 38,458 million, a decrease of Baht 9,099 million, or 19.1%, mainly due to the decrease of beer sales volume. Total sales volume of beer was 773.2 million litres, a decrease of 19.2%.
Thai Beverage Public Company Limited
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