SCG sees recovery in demand, prices
Play
Siam Cement Group (SCG) posted strong consolidated profit in the first quarter of Bt8.8 billion, an increase of 47 per cent year on year, due mainly to continued growth in all business units and foreign exchange gain of approximately Bt1 billion.
According to its filing to the Stock Exchange of Thailand, combined sale revenue increased 6 per cent on year to Bt109.439 billion, thanks mainly to higher sale volume in the paper and cement/building materials businesses.
The group's EBITDA (earnings before interest, taxes, depreciation and amortisation) expanded 25 per cent year on year to Bt12.858 billion, following the recovery of chemicals margins, and added by volume growth in the paper and cement-building materials businesses.
