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News SCG fights coronavirus sales gap with earnings jump

SCG fights coronavirus sales gap with earnings jump

Written by Global Cement staff 28 January 2021
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Thailand: SCG’s revenue from its cement division fell by 7% year-on-year to US$5.7bn in 2020. However, its earnings before interest, taxation, deprecation and amortisation (EBITDA) rose by 3% to US$719m. It blamed falling sales on the coronavirus pandemic and a ‘challenging’ economy but said that it managed to raise earnings and profits through efficiency improvements and a lower production costs. In the fourth quarter of 2020 the business faced resurgent coronavirus outbreaks and flooding in Thailand, Vietnam and Cambodia. Overall, the group’s revenue fell by 9% to US$13.3bn with declines in most division apart from packaging.

Last modified on 03 February 2021
Published in Global Cement News
Tagged under
  • Thailand
  • SCG Cement
  • Results
  • coronavirus
  • Flood
  • Vietnam
  • Cambodia
  • GCW491
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