SCG Cement reports rise in revenue and profit
Economy & Market

SCG Cement reports rise in revenue and profit

Vikas Damle

Thailand´s Siam Cement Group reported that its profit was 5 per cent higher than that recorded in 4Q13. The company reports that it was driven by seasonal growth in cement and the recovery of its paper business.

Revenue from sales increased by 11 per cent YoY and by 17 per cent QoQ. For SCG´s businesses in the ASEAN markets outside Thailand, sales revenue improved by 24 per cent YoY, accounting for 9 per cent of the group´s total sales revenue. Revenue from exports grew by 12 per cent YoY, and SCG expects that exports will continue to improve.The Group plans to set up a 1.8 mtpa cement plant in Khammouane, Laos, equipped with modern, environmentally-friendly production equipment.

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