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.

MOST VIEWED

  • Phnom Penh authorities ban march for Human Rights Day

    Phnom Penh authorities have banned a planned march as local NGOs and workers’ unions gear up to celebrate the 70th anniversary of the signing of the Universal Declaration of Human Rights on Monday, with a youth group leader saying they would march nonetheless. The UN

  • Government deports 235 Chinese scammers

    THE Immigration Department of the Ministry of Interior on Thursday deported 235 Chinese nationals, 35 of whom were female, via the Phnom Penh International Airport for their part in a Voice over Internet Protocol (VoIP) online money extortion scam. The deportees were arrested on November 26 over the

  • Phnom Penh’s Jet’s Container Night Market shuts down

    The famous Jet’s Container Night Market in central Phnom Penh has shut down due to the high cost of the land rental, company representatives claim. Jet’s Container Night Market is the largest such market in Phnom Penh. It operated for just over two

  • International buyers snap up new locally produced watch

    A Cambodian entrepreneur has launched a stylish high-end watch, hoping to promote the Khmer creative talent and increase demand for the Kingdom’s products abroad. Designer Seth Pitu launched his brand PU a mere 60 days ago, and hopes to combine traditional Khmer art with sleek