Thailand’s SCCC books growth in net sales, earnings for January to March 2014

In the quarter of January-March 2014, Thailand-based cement maker Siam City Cement (SCCC) registered a 14% rise in net sales from THB 7.56 billion (€169.39 million) a year ago to THB 8.65 billion. The rise in net sales was due to increased average selling price and an increase in export sales volume. The company reported a 56% year-on-year growth in earnings for the quarter to THB 1.9 billion. However, SCCC's outlook for 2014 might be affected by the continued political turmoil and postponements in go

April 24, 2014 Read time: 1 min

In the quarter of January-March 2014, Thailand-based cement maker Siam City Cement (SCCC) registered a 14% rise in net sales from THB 7.56 billion (€169.39 million) a year ago to THB 8.65 billion.

The rise in net sales was due to increased average selling price and an increase in export sales volume. The company reported a 56% year-on-year growth in earnings for the quarter to THB 1.9 billion.

However, SCCC's outlook for 2014 might be affected by the continued political turmoil and postponements in government spending. According to Vorathep Rangchaikul, director and CEO of SCCC, the cement maker is expected to register flat or marginal growth in 2014. Meanwhile, in 2013, there was a slight decline in the company's overall cement product costs due to decreased fuel costs.

Quarry Products

Thailand’s Siam City Cement: higher net sales, profit down by 9%

Siam City Cement recorded a THB 7.8 billion (€182 million) of net sales for the second quarter of 2014, a year-on-year growth of 4.4%, although Thailand’s second biggest cement producer recorded a 9% year-on-year decline for its second quarter net profit to reach THB 1.47 billion due to equities revenue from its associated companies having dropped and losses from foreign exchange.

For the first six months of 2014 the company’s sales grew by 10% to THB 16.5 billion while net profit was THB 3.38 billion, a

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