Higher SCG revenues, but profits down 19 per cent from 2017

Breaking News January 30, 2019 16:29

By The Nation

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Siam Cement Group or SCG has announced total 2018 year-end revenue of Bt478.438 billion, up six per cent from 2017, along with a Bt44.478 billion net profit, down 19 per cent from 2017.



 

 

Net profit dropped following increased production costs in the chemical industry, along with the strong baht impacting its business in which up to 43 per cent of total revenues come from overseas markets, the president and chief executive officer, Roongrot Rangsiyopash, said.

SCG’s revenue from sales in Asean registered Bt118.014 billion, representing 25 per cent of total revenue from sales – an increase of 11 per cent over 2017. The revenue from sales in other regions outside Asean registered Bt86.155 billion, or 18 per cent of total revenue from sales.

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