SCG announced its operating results for Quarter 3 of 2018 and the first nine months of 2018 on October 28, 2018. This results showed all-round increase in revenue, while profits drop due to rising raw materials and energy costs, global trade slowdown and asset impairments.
Revenue of Quarter 3/2018 of SCG amounted to 70 billion Kyats ($47 million), which represents a decrease of 5% year to year due to lower demand of building materials during the flood period. For the first 9 months of 2018, SCG recorded revenue from sales at 276 billion Kyats ($198 million).
SCG maintains its position as market leader and deep understanding of customers by re-launching Masonry Cement to create new segment of plastering and brick laying that gives more speed and quality results. This differentiates SCG from competitors and delivers customers more convenience for smooth wall surface and cost saving. The campaign includes series of seminar for dealers, shops and customers as well as advertising.
Roongrote Rangsiyopash, President of SCG said, “SCG’s operating results for Quarter 3 of 2018 and the first 9 months of 2018 showed an increase in revenue in all business units due to improved overall market conditions, higher demand of cement and building materials from Thailand and foreign investment projects by public and private sectors, consistent market demands in Chemicals and Packaging business, though the profit was dropped from higher raw materials and energy costs, together with global trade slowdown and asset impairments write-down.