Sabeco posts biggest quarterly profit since acquisition by Thai firm

It represented a 67 percent increase year-on-year, while revenues were up 25 percent to VND9 trillion.

The management said the lifting of social distancing restrictions, resumption of tourism and a general rise in consumption helped boost sales.

Profits for the first six months were VND3.03 trillion, 66 percent of the full-year target.

Thailand’s largest beverage company bought a 54 percent stake in Sabeco, the maker of Saigon Beer, five years ago.