Skip to content
Grazia British
Stocks to watch: Thai Beverage, Civmec

Stocks to watch: Thai Beverage, Civmec

By Swedan Margen

Fashion

THE following companies saw new developments that may affect trading of their securities on Friday (Feb 14):

Thai Beverage (ThaiBev): The food and drink company’s revenue grew 2.4 per cent to 92.3 billion baht (S$3.7 billion) for the first quarter ended Dec 31, 2024, compared with the year-ago period. This was driven by improved sales in its beer, non-alcoholic beverages and food businesses that were offset by weaker performance of its spirits and other segments, the company said on Thursday in an update. Shares of ThaiBev finished down S$0.015 or 2.9 per cent at S$0.50 on Thursday.

Civmec: The construction and engineering services company’s net profit for its first-half ended Dec 31, 2024, fell 16.9 per cent A$26.5 million (S$22.5 million) from A$31.9 million in the year-ago period. This was due to a lower gross margin and higher administrative expenses incurred during the period, said the company on Thursday. Its earnings per share fell to A$0.0521 from A$0.0629. The company declared an interim dividend of A$0.025 per share for the six-month period. Shares of Civmec fell 2.8 per cent or S$0.03 to close at S$1.05 on Thursday.

Copyright SPH Media. All rights reserved.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

More Fashion