The Siam Cement Public Company Limited (SET: SCC) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss) Million Baht |
2,443.99 | 6,817.07 |
| Earning Per Share (Baht) |
2.04 | 5.68 |
| % Change | -64 | |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
21,225.12 | 38,867.25 |
| Earning Per Share (Baht) | 17.69 | 32.39 |
| % Change | -45 | |
SCC reported 3Q22 net profit of THB2,444 million, decreasing 75% QoQ and 64% YoY, largely attributable to lower chemical’s spreads, higher energy cost, together with lower seasonal dividend.
Revenue from sales was THB142,391 million, dropping 7% QoQ but increasing 8% YoY, mainly from lower chemical’s product prices driven by softer petrochemical’s demand due to the trough of chemicals business.
EBITDA registered at THB9,322 million, decreasing 62% QoQ and 37% YoY.
For the period of 9M22, revenue from sales registered at THB447,419 million, an increase of 15% YoY due to higher sales across all businesses mainly from higher product prices in-line with the market. EBITDA dropped 26% YoY to THB51,790 million and profit for the period registered at THB21,225 million, a decline of 45% YoY largely driven by higher feedstock and energy cost, as well as lower equity income at chemicals business.
