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Thai Beverage Annual Profit Falls 9% on Weakness in Beer, Food Units
Singapore-listed Thai Beverage reported an annual profit on Wednesday that fell nearly 9%, hurt by weakness in the company's beer and food businesses.Higher costs of raw materials and packaging, increased brand investment and competitive pressures weighed on the company's beer business, Thai Beverage said.The company's food business was impacted by higher operating expenses, administrative costs and pre-operating expenses related to opening of new stores, it said.Thai Beverage posted profit attr
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