SCC’s 1Q19 Profit Slides 6% to ฿11.6bln from the Plummet of Chemical Prices/Global Demand
SCG reported Q1/19 profit for the period at THB 11,662 million, decreased 6% YoY while EBITDA dropped 12% YoY.
The Siam Cement Public Company Limited (SCC) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:
SCG reported Q1/19 profit for the period at THB 11,662 million, decreased 6% YoY while EBITDA dropped 12% YoY, mainly due to the decline in performance of the Chemicals business in light decreased product margins. Moreover, revenue from sales decreased 5% YoY, mainly from lower chemicals prices due to weak global demand.