Thai-controlled brewer Sabeco sees sales, profit grow after troublesome 2023
Ho Chi Minh City-based Sabeco, which is 53.59% owned by Thai-controlled Vietnam Beverage Co. and 36% by the industry ministry, reported increases in both revenue and profit in Q1/2024 despite being hard-hit by a campaign against drunk driving.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
ThaBev earns $1.72 bln revenue from Vietnam operations in Sept 2022-Sept 2023
Thailand’s biggest beverage firm Thai Beverage (ThaiBev) earned revenue of THB59,961 million ($1.72 billion) in Vietnam in fiscal year 2023 (Sept 2022-Sept 2023), down 5.7% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam top brewer Sabeco to pay 15% dividend, Thai owner to receive $42 mln
Vietnam Beverage Company Limited, indirectly owned by Thai beverage giant ThaiBev, is set to receive VND1,030 billion ($42.4 million) from a dividend payout by Vietnam’s top brewer Sabeco.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
ThaiBev-backed brewer Sabeco sees market cap down $1 bln after two months
Top Vietnamese brewer Sabeco, where Thai beverage giant ThaiBev holds a 64% stake, has witnessed its market capitalization down by VND23.4 trillion (nearly $1 billion) in the last two months to about VND100 trillion ($4.26 billion).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top Vietnamese brewer Sabeco names new general director
Vietnam’s top brewer Sabeco has announced the appointment of Lester Tan Teck Chuan as its new general director from October 1.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top brewer Sabeco eyes acquisition of 2 loss-making firms
Vietnam’s top brewer Sabeco, owned by Bangkok-based ThaiBev, is looking to increase its ownership in two loss-making companies, namely Saigon Binh Tay Beer Group JSC (Sabibeco Group) and Saigon Packaging Group JSC.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Southeast Asia beverage market heats up with Carabao’s diversification into beer
Southeast Asian beverage markets, with Vietnam as a hub due to its population of almost 100 million people, are getting more crowded as Thai energy drink maker Carabao prepares to invest 4 billion baht (over $120 million) to produce beer locally.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top brewer Sabeco earns $235 mln profit in 2022
Vietnam’s leading beer maker Sabeco, owned by Thailand's ThaiBev, achieved an after-tax profit of nearly VND5,500 billion ($234.6 million) in 2022, up 40% year-on-year and the highest level since it was acquired by the Thai group at the end of 2017.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading brewer Sabeco speeds up phase-two shakeup
Vietnam’s top beer maker Sabeco, owned by Bangkok-based ThaiBev, is accelerating its phase-two business restructuring toward becoming an international brewer, Sabeco CEO Neo Bennett said Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sabeco brews highest profit in five years
Sabeco’s after-tax profit of $77 million in the second quarter marked a record quarterly high since ThaiBev became the brewer’s majority shareholder five years ago.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s largest brewer Sabeco eyes 17% profit increase
Sabeco, owned by Thailand’s largest beverage maker ThaiBev, expects 32% and 17% rises in this year’s revenue and after-tax profit, respectively.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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