Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Stable growth in Kingdom for Thailand cement firm

Stable growth in Kingdom for Thailand cement firm

Stable growth in Kingdom for Thailand cement firm

Thai cement manufacturer Siam Cement Group (SCG) has seen total sales revenue in Cambodia reach $254 million during the first nine months of the year, according to a company press release yesterday. Sales revenue for the third quarter in the Kingdom had amounted to $84 million, which is comparable to last year’s revenue in the same quarter.

Excluding Thailand, the Asean market has accounted for $807 million of the company’s sales revenue so far this year, a 10 percent year-on-year growth rate since 2016. About 25 percent of SCG’s total assets, amounting to $16.7 billion, are located in the Asean region.

SCG has seen an overall increase in sales so far this year, with revenue rising by 4 percent compared with the same period in 2016, to a total of $9.8 billion.

The company has benefited from heightened costs for cement chemical products. Still, overall profit has fallen by 3 percent compared with the same period last year to $1.2 billion, in part because of strong competition in the cement market.

RECOMMENDED STORIES

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all

  • Ex-RFA journos accuse outlet

    Two former Radio Free Asia journalists held a press conference yesterday claiming they are each owed $28,000 by the US-funded radio broadcaster, which shuttered its in-country operations in September amid a government crackdown on independent media. The journalists, Sok Ratha and Ouk Savborey, maintained they organised