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.