SCGP reveals 1Q12 revenue, reaching 36,634 million, profit at 1,658 million

On April 26, 65, Mr. Wichan Jitphakdi, Chief Executive Officer SCG Packaging Public Company Limited or SCGP said that in the first quarter of 2012, the company had sales revenue of 36,634 million baht, an increase of 34% from the same period last year. Net profit was at 1,658 million baht, a decrease of 22% from the same period last year and EBITDA was at 4,887 million baht, a decrease of 7% from the same period last year. Excluding special items in the previous quarter Earnings for the period and EBITDA for 1Q22 are still higher than the previous quarter.

The increase in sales revenue came from continuous business expansion. and the recognition of revenue from building joint growth with business partners or M&P of Duy Tan, Intan Group and Deltalab, as well as increasing sales from the integrated packaging business in the ASEAN region. both polymer packaging and paper packaging from the amount of demand in the consumer goods group Export of ready-to-eat food, frozen food and pet food and increasing demand and prices of pulp due to supply chain disruption concerns.

The decline in profit for the period from the same period last year was due to higher raw material and energy costs. This is a factor that affects the entire industry. SCGP has efficient cost management and planning in advance. The Company has entered into a long-term sales and purchase agreement for the amount of coal required for this year. to reduce the impact of fluctuating prices and limited quantities

including increasing the proportion of renewable energy (Renewable Energy) continuously and planning to cope with various uncertain factors such as managing working capital to be at an appropriate level Consideration of investment projects with prudence, etc.

For the trend of packaging demand in the ASEAN region this year It is expected to gradually recover from the governments of various countries. has relaxed the measures to control COVID-19 and opened the country more As a result, the manufacturing sector has improved and there has been an increase in international travel. It is expected that if the Russian-Ukraine situation continues to prolong Consequently, energy and raw material prices for the remainder of this year tend to remain at high levels.

SCGP aims to generate revenue from sales this year of 140 billion baht as the target. and continued to expand the business The investment budget for this year is approximately 20 billion baht, which is under a 5-year plan (year 2022 – 2026) that will use a total investment budget of 100 billion baht, with careful and prudent investment consideration. Focus on downstream packaging businesses that have long-term growth potential and benefit from changing consumer behavior

along with adherence to the implementation of the continuity management plan to reduce risks from both inside and outside the organization Emphasis on operational excellence Creating value through business synergies Cost management throughout the supply chain as well as managing financial liquidity to be at an appropriate level amid the rising interest rate trend. To be able to run the business according to both short-term and long-term goals as well.