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| SCG reports results for Q2 and H1/2011 Siam Cement Group (SCG) announced the operating performance for the second quarter of fiscal 2011 showing sales growth of over 20% year over year, while profitability continued to grow, but at a lower rate due to the deepening chemicals trough and decreased seasonal sales volume in most businesses. The Group also announced an interim dividend payment for the performance of the first half of 2011 at 5.50 Bt/Share. On a quarter-on-quarter basis, in Q2/2011, revenue from sales was relatively flat growth at 2%, while the profit for the period decreased 19% as a result of the deepening chemical trough cycle in global market, inventory loss from SCG Chemicals, and lower seasonal volume in most businesses. For the first half of 2011 (H1/11), SCG recorded revenue from sales of 186,354 MB, an increase of 28% y-o-y from higher product prices across the board and volume growth from SCG Chemicals. Profit of the period increased 18% y-o-y to 16,703 MB, boosted primarily from domestic growths by SCG Cement and equity income from SCG Chemicals' associate companies. write your comments about the article :: © 2011 Construction News :: home page |