SCG Packaging Public Company Limited (SCGP) has announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
For SCGP’s Q3/2021 performance, total revenue from sales registered at 31,930 million baht, an increase of 37% y-o-y and increased 7% q-o-q, mainly due to the business expansion from M&P (SOVI, Go-Pak, Duy Tan and Intan Group) and the easing of strict lockdown measures in Indonesia which resulted in higher demand in consumer’s products and electrical and electronic appliances.
EBITDA for the same period was 4,910 million baht, an increase of 27% y-o-y and decreased 12% q-o-q, with an EBITDA margin of 15%.
Profit for the period registered at 1,781 million baht, an increase of 33% y-o-y and decreased 21% q-o-q, with a net profit margin of 6%. The decrease q-o-q in EBITDA and net profit were mainly due to the spike in global freight rate and raw material costs. Nevertheless, SCGP has actively managed this rise in cost through the diversified global sourcing model including sources from US, Europe, Japan and Oceania, while enhancing the domestic portion with increase of drop points at primary sources across the country.
For SCGP’s 9M/2021 performance, total revenue from sales was 89,078 million baht, an increase of 29% y-o-y as the demand of consumer goods, F&B and hygienic-care products continued to expand amidst the surge in COVID-19 cases. Moreover, organic expansion projects and consolidation of merger & partnership (M&P) companies also supported revenue growth. Meanwhile, SCGP’s effort related to product rationalization from multi-countries and the diversified operations and customers portfolio supported the alleviation of supply chain disruptions.
EBITDA for the same period was at 15,741 million baht, increased 24% y-o-y, while EBITDA margin registered at 18%. This was mainly due to the proactive management of cost uptrends and the competitive advantage from the focus on operational excellence.
Profit for the period was 6,179 million baht, increased 24% y-o-y, with a net profit margin of 7%.
As of 15:49 local time in Thailand, the share price of SCGP rose ฿1.75/share or 2.78% to ฿64.75/share, with a trading value of 1,383 million baht.