Singapore, Feb 27 - Singapore-listed Thai Beverage PCL, Thailand's largest brewer, said on Tuesday its quarterly profit fell 3 percent, due to falling sales of spirits and the higher cost of the raw material molasses.
Thai Beverage, which makes Chang Beer and Mekhong whisky, reported a 2006 net profit of 10.05 billion baht ($283 million), compared with a restated 10.34 billion baht in the same period a year ago.
This was below a consensus net profit forecast of 10.5 billion baht from four analysts polled by Reuters Estimates.
Thai Beverage shares have risen 1.9 percent in the last month, underperforming the Straits Times Index index by 4.9 percentage points.