SINGAPORE (ICIS)--Siam Cement Group’s chemicals business posted a 23% year-on-year profit growth in the second quarter on better margins despite a double-digit decline in sales due to lower prices.
|in million Thai baht (Bt)||Q2 2020||Yr-on-yr % change||H1 2020||Yr-on-yr % change|
|EBITDA from operations||17,774||23.0||33,025||1.00|
Chemicals EBITDA (earnings before interest, tax, depreciation and amortization) margins more than doubled to 20% from 9% in the second quarter of 2019.
SCG’s overall net profit posted a 33% growth in the June backed by improved earnings across its three business segments, including packaging and cement-building materials.
($1 = Bt31.4)