By Justina Lee


Thai Beverage PCL's net profit for the fiscal year rose 22%, thanks to stronger contributions across its business segments due to easing pandemic and travel restrictions.

Net profit for the year ending September was at 30.11 billion baht ($842.7 million), up from THB24.64 billion the previous year.

Revenue rose 13% to THB272.36 billion.

"The continued recovery of the Thai economy in FY2022 was driven by a gradual improvement in economic activity, as well as the relaxation of travel restrictions in Thailand and other countries," the company said in a filing after the market closed on Friday.

The beverage company proposed a final dividend of THB0.45 a share, which was higher than the final dividend of THB0.35 the previous year.


Write to Justina Lee at justina.lee@wsj.com


(END) Dow Jones Newswires

11-27-22 2005ET