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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.

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