SCG fights coronavirus sales gap with earnings jump

Print this page

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

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >


© 2022 Pro Global Media Ltd. All rights reserved.