SCG’s cement business sales down due to coronavirus lockdowns

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Thailand: SCG’s revenue from its cement-building materials business fell by 6% year-on-year to US$4.33bn in the first nine months of 2020. The group attributed this to poor demand resulting from coronavirus-related lockdowns. However, its earnings before interest, taxation, deprecation and amortisation (EBITDA) for the division rose by 9% to US$590m due to cost savings and lower energy prices. Overall, the group reported a similar picture with sales down but earnings up. National cement sales volumes rose slightly in the third quarter of 2020.

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