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News Siam Cement Group increases first half sales in 2022

Siam Cement Group increases first half sales in 2022

Written by Global Cement staff 27 July 2022
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Thailand: Siam Cement Group (SCG) recorded sales of US$8.29bn in the first half of 2022, up by 19% year-on-year from US$6.95bn in the first half of 2021. Cement and building materials revenues were US$2.82bn, 34% of total sales, up by 12% from US$2.52bn in the first half of 2021. The group’s earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 24% to US$1.15bn from US$1.51bn.

SCG recorded domestic declines in demand for cement and ready-mix concrete of 5% and 7% respectively in the first half of 2022. Cement demand also fell by 10% in Cambodia and by 2% in Myanmar, but rose by 5% in Indonesia and by 1% in Vietnam. In Thailand, SCG expects cement demand to “improve” in the third quarter of 2022, but noted the possible mitigating impact of rising inflation.

Last modified on 27 July 2022
Published in Global Cement News
Tagged under
  • Thailand
  • Siam Cement
  • SCG Cement
  • Results
  • Cambodia
  • Myanmar
  • Indonesia
  • Vietnam
  • concrete
  • GCW567
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