ThaiBev Keen To Put Difficult 2009 Behind It

Leading Thai alcoholic drinks producer Thai Public Beverage (ThaiBev) has announced disappointing full-year financial results for 2009. The company's sales climbed by 2.4% to THB108bn (US$3.3bn), while net profit increased by 2.2% to THB10.6bn (US$324mn). However, this top line figure masks a massive drop in beer sales, with spirits and soft drinks picking up the slack. Nonetheless, with strong growth in these subsectors supported by acquisitions rather than being purely illustrative of robust demand, ThaiBev will be keen to put 2009 behind it and look ahead to a more productive

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