Irrepressible Once AgainTHBEV announced 9MFY21 EBITDA of Bt36.6b (+12% yoy) largely up from a low base. On a qoq basis, EBITDA was up 3%, which proves the company's resiliency once again, in spite of the COVID-19 measures in Thailand seen in 3QFY21. Spirits EBITDA margins remained stable while earnings will likely remain robust going forwards. […]

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