HoonSmart.com >> “Siam City Cement” opens year 20 profit, growing 16.6%, reaching 3,680 million baht, controlling expenses, reducing, supporting better results Revenue decreased 11.8% to 4.2 billion baht. Selling prices of cement softened. Point out foreign markets, demand recovered at the same level as before COVID Green light board, dividend rate 9 baht, up XD 24 February this pay 5 April ’21
Siam City Cement (SCCC) discloses its operating results for the year 2020 ended December 31, 2020, net profit of 3,680.46 million baht, earnings per share of 12.35 baht, an increase of 16.6% from the same period last year. Net profit of 3,156.98 million baht, earnings per share. 10.59 Baht
The company has increased net profit as a result of increasing the efficiency of the operation of the plant resulting in a reduction in maintenance costs and the ability to maximize the use of thermal energy from fuels. Benefit from lower fuel costs As a result, the cost of cement production can be reduced sustainably.
While lower handling and shipping costs This is due to the drop in diesel prices and the procurement of raw materials and services. To achieve maximum benefit and fixed cost reduction, resulting in lower operating costs.
However, cement consumption began to recover with different recovery rates for each country. While the selling price of cement is still under the pressure of severe market competition. Resulting in lower income The Group’s net income decreased 11.8% to 42,000 million baht from 2019 to 47,593 million baht.
Cement demand in foreign markets in the fourth quarter continued to recover, returning to the same level as before the COVID-19 epidemic, a sign that demand for cement had bottomed out. While cement demand in Thailand has been adversely affected by heavy rains and flooding in many parts of the country.
Cement market in Thailand Infrastructure projects remain the basis for cement consumption and are the main driving force amid the weakening demand for construction in the real estate sector. The demand for cement for the period was also negatively impacted by heavy rainfall, subsidence and flooding in the eastern region. Northeast and South
Southern market of Vietnam Construction activity in the country showed positive signs, driven by public utility construction projects, resulting in a recovery in cement sales. Cement selling prices remained weak compared to the same period of the previous year.
Demand for cement in Sri Lanka Adapted positively due to a sharp increase in construction demand since Q3. As a result, the cement sales volume for the 12 months of the current year has grown from the previous year. While the selling price of cement remained stable in this quarter.
For Bangladesh domestic market Cement sales increased from the previous quarter and the same quarter of the previous year. The selling price of cement has stabilized amid intense competition. Meanwhile, construction projects in Cambodia slowed in the fourth quarter, which resulted in a drop in cement demand and cement selling prices. However, due to improved production efficiency and cost management, coupled with lower fuel costs, the joint business Trade in Cambodia has increased profits.
Board of Directors Approved the dividend payment for shareholders from the operating period from January 1, 2020 to December 31, 2020 at the rate of 9.00 baht per share. 2021 and up XD on the date of not receiving the right of dividend February 24, 2021, paying the dividend on April 5, 2021, the dividend payment rate increased 13% from the previous year.
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