Siam Cement Group increases sales and earnings as profit more than doubles in first quarter of 2021

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Thailand: Siam Cement Group’s first-quarter consolidated net revenue was US$3.91bn, up by 15% year-on-year from US$3.39bn. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 68% year-on-year to US$758m from US$452m. Net profit more than doubled to US$478m from US$223m. It attributed the profit growth to its cement and chemical businesses.

The group’s cement and building materials segment recorded an EBITDA of US$211m, down by 2% from US$216m. Its revenue remained stable. Demand for cement in Thailand grew by 3% in the quarter.

Last modified on 05 May 2021

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