SCC’s 2019 Profit Plunges 28% from a Drop of Chemical Prices, Offering ฿7 Dividend

SCC’s 2019 Profit Plunges 28% from a Drop of Chemical Prices, Offering ฿7 Dividend.

The Siam Cement Public Company Limited (SCC) has reported its yearly consolidated financial statement through the Stock Exchange of Thailand as follows;

SCC reported its profit for the year registered at 32,014 million baht, a decrease of 28% YoY, while EBITDA declined 13% YoY to 74,960 million baht, attributed to the lower chemicals earnings which outweighed EBITDA improvements seen at both, the Cement-Building Materials and Packaging businesses. Meanwhile, revenue from sales decreased 8% YoY to 437,980 million baht due to the aforementioned drop in Chemical prices.

 

The Board of Directors of SCC has approved a year-end 2019 dividend of ฿7.0/share (63% of H2/19 earnings) that is payable on Apr 27, 2020.

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