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Cambodia: 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.
Source: http://www.phnompenhpost.com/business/stable-growth-kingdom-thailand-cement-firm