The Siam Cement Public Company Limited Public Company Limited (SET: SCC) has announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q23 | 2Q22 |
| Net Profit (Loss) Million Baht |
8,082 | 9,938 |
| Earning Per Share (Baht) |
6.74 | 8.28 |
| % Change | -19 | |
| 6 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
24,608 | 18,781 |
| Earning Per Share (Baht) | 20.51 | 15.65 |
| % Change | 31 | |
For the period of 2Q23, SCC reported a consolidated revenue from sales of THB124,631 million, a decrease of 18% YoY due to lower sales in all businesses mainly from lower chemical product prices. Consolidated profit for the period registered at THB8,082 million, a decrease of 19% YoY, largely attributable to lower spreads and equity income from associates of Chemicals business, as well as dividend shift in the investment business which caused abnormally high dividend income in 2Q22, while 2Q23 recorded the one-time gain from fair value adjustment of investment in investment business of THB2,866 million.
For the first half of 2023 (1H23), consolidated revenue from sales decreased 17% YoY to THB253,379 million due to lower sales in all businesses driven by soft market demand. Consolidated profit for the period registered at THB24,608 million, an increase of 31% YoY from the one-time gain from fair value adjustment of investment totaling THB14,822 million. As of June 30, 2023, consolidated total assets amounted to THB942,018 million, an increase of THB35,528 million from the year ended 2022.
On 26 July 2023, the Board of Directors of SCC has approved a 1H23 interim dividend payment of THB2.50/Share, which is payable on 25 August 2023 (XD-date on 9 August 2023, and record date on 10 August 2023).
