SCC Reports Lower Revenue, Resulting in a 43% Decline of Profit to Book at ฿7,044m
SCC’s net profit was THB 7,044 million, dropped 43% YoY, mainly due to the trade war concerns which affected the chemicals margins.
The Siam Cement Public Company Limited (SCC) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:
In 2Q19 SCC’s net profit was THB 7,044 million, dropped 40% from the previous quarter and 43% from the same period of last year, mainly due to the trade war concerns which affected the chemicals margins.
Similarly, EBITDA from operations dropped 21% from the previous quarter to THB 14,456 million, while EBITDA registered THB 19,805 million, up 1% QoQ as a result of the seasonal dividend contribution from associated companies. Meanwhile, revenue from sales decreased by 3% QoQ to THB 109,094 million with decreases from all core businesses. Revenue from sales decreased 9% YoY, mainly from lower chemicals product prices.
In addition, the Board of Directors of SCG has approved a 1H19 interim dividend payment of ฿7.00/share in an amount of THB 8,400 million, which is payable on August 23, 2019 while the ex-dividend date will be on August 8, 2019.
