Thailand’s SCG reports notable decline in Q1 net profit
by ChemOrbis Editorial Team - content@chemorbis.com
Thailand’s Siam Cement Group (SCG) posted a net profit of 2,42 billion baht ($65 million) in the first quarter of 2024. The figure slumped by 85% from 16,52 billion baht ($448 million) reported in the same quarter previous year.
SCG’s sales revenue was 124,2 billion baht ($3.3 billion), up by 3% compared to the previous quarter but down by 3.5% from the same period last year.
The company’s EBITDA was 12,62 billion baht ($342 million), up by 16% compared to the previous quarter and 3.7% last year.
SCG’s sales revenue was 124,2 billion baht ($3.3 billion), up by 3% compared to the previous quarter but down by 3.5% from the same period last year.
The company’s EBITDA was 12,62 billion baht ($342 million), up by 16% compared to the previous quarter and 3.7% last year.
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