Siam Cement Group’s sales revenue rises by 4% to US$2.74bn in first half of 2018

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Thailand: Siam Cement Group’s sales revenue from its cement business rose by 4% year-on-year to US$2.74bn in the first half of 2018. Its profit grew by 8% to US$125m and its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 4% to US$355m. The cement producer said that the country’s demand for Ordinary Portland Cement (OPC) rose by 2% year-on-year in the second quarter of 2018 due to an increase in demand from the public sector. Overall the company’s sales revenue grew in the first half of 2018 but its profit and earnings fell due to currency variations and increasing cost of input chemicals.

Last modified on 25 July 2018

URL: https://globalcement.com/news/item/7842-siam-cement-group-s-sales-revenue-rises-by-4-to-us-2-74bn-in-first-half-of-2018

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