ThaiBev posts 16% rise in Q3 net profit to $120m

Thai Beverage has reported a 16% rise in its third-quarter net profit, helped by better sales revenue across its beverage lines.

Net profit stood at 2.98 billion Thai baht ($119.7 million) for the three months ended 30 September 2012, up from 2.58 billion Thai baht a year earlier.

ThaiBev's revenue in Q3 rose 28% to 37.6 billion Thai baht, up from 29.3 billion Thai baht.