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SINGAPORE (ICIS)–Thai conglomerate Siam Cement
Group (SCG) posted a third-quarter net profit
of baht (Bt) 2.44bn ($67m), unchanged from the
same
period in 2022, aided by its chemical
operations’ return to profitability in spite of
lower sales.
|
in million Thai baht (Bt) |
Q3 2023 | Q3 2022 | Yr-on-yr % change | Jan-Sept 2023 | Jan-Sept 2022 | Yr-on-yr % change |
| Sales | 125,649 | 142,391 | -12 | 379,028 | 447,419 | -15 |
| EBITDA | 11,096 | 9,322 | 19 | 43,219 | 51,790 | -17 |
| Profit for the period | 2,441 | 2,444 | 0 | 27,049 | 21,225 | 27 |
| Chemicals revenue | 49,663 | 57,351 | -13 | 145,223 | 193,302 | -25 |
| Chemicals EBITDA | 2,830 | -954 | N/A | 11,247 | 14,921 | -25 |
| Chemicals net profit | 1,052 | -339 | N/A | 3,149 | 6,953 | -55 |
Third-quarter sales of combined polyethylene
(PE) and polypropylene (PP) grew 7% year on
year to about 451,000 tonnes, the company said
on Thursday.
($1 = Bt36.27)
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