The Siam Cement Group (SCG) has announced excellent financial results for the third quarter of financial year 2004, citing strong performance in most business units principally in the Petrochemicals Business. Mr. Chumpol NaLamlieng, President of The Siam Cement Public Company Limited (SCC), disclosed the unreviewed consolidated financial statements for SCC and subsidiaries for the third quarter of 2004 which showed total sales of 52,233 million baht, representing a 45% increase from the same period of the previous year.
The Cement Business recorded total sales of 9,576 million baht, an increase of 25% when compared to the previous year due to higher domestic sales of grey cement, driven largely by demand from the domestic construction market. However, due to higher costs of fuel and energy, the operating performance dropped slightly from the previous quarter.
The Building Products Business recorded total sales of 5,274 million baht, an increase of 19% as the result of strong sales of roofing products and ceramic tiles nationwide. Similarly, the Distribution Business recorded total sales of 18,867 million baht, an increase of 41% from higher sales of building materials to satisfy the residential housing construction sector.
The Paper and Packaging Business recorded sales of 9,768 million baht, a growth of 15% when compared to the same period of the previous year, which was attributed to the increase in demand from the printing industry, as well as the packaging industry.