The Siam Cement Public Company Limited (SET: SCC) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss) Million Baht |
3,707.93 | 8,082.24 |
| Earning Per Share (Baht) |
3.0900 | 6.7400 |
| % Change | -54.12 | |
| 6 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
6,132.79 | 24,607.98 |
| Earning Per Share (Baht) | 5.1100 | 20.5100 |
| % Change | -75.08 | |
SCC reported a net profit of 3,707 million baht in 2Q24, decreased 54.12% from a net profit of 8,082 million baht in 2Q23. The decline was mainly due to a decrease in chemical spreads and the Long Son Petrochemicals Complex (LSP) expenses.
Revenue from sales increased 3% YoY to 128 billion baht, mainly from the incremental sales from SCG Chemicals and SCGP. However, EBITDA decreased 18% YoY, mainly from lower chemicals spreads, and the MTT incident in SCG Chemicals.
SCGC’s Revenue from Sales registered 52,491 MB, increased by +16% QoQ and +8% YoY from higher sales volume. EBITDA was 3,098 MB, increased by +140% QoQ regarding higher sales volume and seasonal dividend but decreased by -48% YoY from lower gap and seasonal dividend including the MTT incident.
The Board of Directors of SCG has approved a H1/24 interim dividend payment of THB2.5 per share, totaling 3,000 million baht, which is payable on Aug 23/24 (XD-date on Aug 07/24, and record date on Aug 08/24).
