Chang beer maker ThaiBev posts 4% fall in nine-month earnings

Thai Beverage (ThaiBev) Y92 posted a 4% drop in its nine-month operating earnings on Thursday, weighed down by continued weakness in its spirits division, along with a dip in its non-alcoholic beverages and food segments.

ThaiBev, which brews the popular Chang beer, reported earnings before interest, tax, depreciation and amortisation (EBITDA) of 45.03 billion baht ($1.39 billion) for the nine months ending June 30, down from 46.88 billion baht the previous year.

($1 = 32.3300 baht)