HoonSmart.com>>”Thai Cement” released the results of the 3rd quarter of 2021 with a net profit of 6,817 million baht, a decrease of 30% from the previous year compared to the second quarter, a decrease of 60%. Plus there is an impairment loss. As for the sales revenue of 1.31 billion baht, an increase of 31% from the price of chemicals, a total of 9 months, a profit of 38,867 million baht, a growth of 49%, expected in the year 65, investment expenditures – investments of 40 billion baht from this year, expected to be spent 8-9 billion baht. baht
The Siam Cement Company (SCC) disclosed the results of the 3rd quarter of 2021 with a net profit of 6,817 million baht, a decrease of 2,924 million baht or about 30% from the same period last year with a net profit of 9,741 million baht and a decrease. 10319 million baht, representing 60.22%, compared to the second quarter of 2021 with a net profit of 17,136 million baht, totaling 9 months of this year, a total profit of 38,867 million baht, an increase of 12771 million baht or 48.94% from a net profit of 26,096 million baht during the period. same year
Mr. Rungroj Rangsiyopash, President of The Siam Cement Company Limited, revealed that in Q3/21, the Company had revenue from sales of 131,825 million baht, an increase of 31% from the same quarter of the previous year. This was mainly due to the increase in the selling price of chemical products. while there was a profit from normal operations of 9,066 million baht, a decrease of 11% from the same period last year. Due to the declining demand from the new wave of COVID-19 epidemic and lockdown measures both domestically and internationally When including loss on asset impairment and gain on fair value adjustment of investments Decrease in net profit by 30%
EBITDA dropped 54% qoq to Bt14,741mn and net profit fell 60%. Key items included impairment losses for cement plants in Myanmar. and gain on fair value adjustment. However, EBITDA from normal operations excluding the aforementioned key items was at Bt16,806 million, a decrease of 48% qoq. from lower dividend income and a profit from normal operations of 9,066 million baht, a 47% decrease from the spread of chemicals and a decrease in profit sharing from associated companies.
However, this performance reflects the ability of the cement and construction products business to sell. Although the government announced measures to close construction sites throughout July. – Aug. 2021, including chemical business that can manage sales channels This resulted in the highest sales volume of Polyolefin in Q3/21 amid the new wave of COVID pandemic and container shortages.
For the 9 months of this year, the Company had revenue from sales of 387,446 million baht, an increase of 28% and a net profit grew 49% due to the spread of chemical products and the increase in profit sharing from associated companies. The company had EBITDA of 70,457 million baht. The company has a total cash flow of 110,948 million baht, consisting of capital expenditure and investment of 72,296 million baht, dividend payment 23,833 million baht, interest payment 5,897 million baht and income tax payment 8,922 million baht. As of September 30, 2021, total assets equal 850,339 million baht. baht, an increase of 100,958 million baht from the end of 2020.
Mr. Roongrote said that the company forecasts capital expenditures and investments in 2022 around 40 billion baht, down from about 40 billion baht from what happened this year. 80,000-90,000 million baht, of which more than half come from investments in the purchase of shares in various projects and the construction of the Long Son Petrochemicals (LSP) project in Vietnam.
In the first nine months of 2021, the Company had capital expenditures and capital investments of 72,296 million baht, of which 66% were held in Chemicals Business, 23% Packaging Business, and Cement Business. Most of the capital expenditures and capital expenditures are for LSP’s integrated petrochemical project, PT Chandra Asri Petrochemical Tbk’s (CAP) investment in the 2nd integrated petrochemical project in Indonesia. and mergers and acquisitions of the packaging business
for sustainability operations The company is committed to operating towards its goal of becoming a Net Zero emissions organization by ’93 and has set a medium-term target of reducing its greenhouse gas emissions by at least 20% by ’73. Year 63 through the reduction of greenhouse gas emissions directly generated by the production process (Scope 1) and indirectly generated (scope 2) and using technology and tools to capture carbon dioxide. To comply with the global average temperature control not to rise above 1.5 degrees Celsius
SCGL, a subsidiary of SCC, has invested in establishing a company in the Philippines. The total investment budget is approximately 7.8 million baht to operate an international freight forwarding business. Freight management and systems for warehouse management This is in line with SCC’s strategic plan to expand the logistics market in the ASEAN region.
SCGL currently provides anti-logistics services covering foreign countries in the ASEAN region, including Vietnam, Indonesia, Cambodia, Myanmar, as well as in the southern part of the People’s Republic of China. Links to Malaysia and Singapore Therefore, expanding into the Philippines will help SCGL have a more comprehensive service network.