Thailand: Siam Cement Group (SCG) reported sales of US$14bn in 2023, down by 12% year-on-year from 2022 levels. Nonetheless, its profit grew by 21% to US$726m, largely attributed to gains from fair value adjustments of investments in the first half of 2023. The group’s cement and construction products business incurred a loss due to local impairments of cement plant assets.
As of 31 December 2023, SCG's total assets amounted to US$22bn, down by 1.4% year-on-year from the end of 2022.
