Saturday, February 4, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home Business

SCG recorded a7% revenue growth in Cambodia despite COVID-19

May 14, 2020
in Business, Cambodia, National
0
SCG recorded a7% revenue growth in Cambodia despite COVID-19
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

Thailand’s Siam Cement Group Public Co ltd (SCG) recorded a 7 percent growth in Cambodian sales revenue during the first quarter of 2020, derived from cement manufacturing and building materials, according to the company’s quarterly report.

Based on the Q1 2020 report, SCG’s Cambodian business arm owned $373 million in total assets, an increase of 5 percent year-on-year and had sales of $67 million, an increase of 7 percent compared with the previous quarter.

Globally, the company registered sales revenue of $3.379 billion, dropping 6 percent on a year-on-year basis, the drop was attributed mainly to lower chemical prices because of weak global demand. Overall profit was badly hit for the period, reaching only $223 million, a decline of 40 percent year-on-year and 2 percent quarter-to-quarter because of the decline in the performance of the company’s chemical business in the light of decreased product margins.

Roongrote Rangsiyopash, president and CEO of SCG, said that amid the hostile environment and global economies being affected by COVID-19 pandemic, SCG is putting its best efforts into maintaining the operating results of Q1 2020 close to the previous quarter. He said, that the company has a strong dedication to proactively and promptly keep the business up and running with a solid business continuity management plan, along with a prepared disruption response plan and strict adherence to the government’s health and safety measures.

“The company has leveraged digital technologies to assist more than 90 percent of employees at the office to work from home and streamlined end-to-end supply chain management ensures the delivery of products, services, and solutions to customers in a convenient and safe manner,” Rangsiyopash said.He added the company is seeking new opportunities to serve evolving needs, for instance shifting sales to online platforms or considerably catalysing the use of Blockchain for procurement, invoicing, and payment with partners.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: cementSCGSiam Cement Group
Previous Post

France had Covid-19 in November, hospital says after analysis of chest scans

Next Post

South Korea to boost coronavirus tracing privacy amid fears of backlash

Related Posts

Cambodia confirms readiness to exit the Least Developed Countries (LDC) status

Cambodia confirms readiness to exit the Least Developed Countries (LDC) status

by Khmer Times
February 3, 2023
0
4

Cambodia confirmed its readiness to exit the Least Developed Countries (LDC) status, saying that studies on the impacts of the...

Cambodia cashew production likely to touch 1 million tons this year

Cambodia cashew production likely to touch 1 million tons this year

by Khmer Times
January 31, 2023
0
9

The cashew season has begun with the start of picking cashew nuts in the Kingdom, and growers of the commodity...

Cambodia GDP expects to growth 5.6 percent in 2023

Cambodia GDP expects to growth 5.6 percent in 2023

by Khmer Times
January 26, 2023
0
3

Cambodia is expected to register a 5.6 percent GDP growth in 2023, according to the Ministry of Economy and Finance....

Most Popular

Passenger in Nepal plane crash livestreams last seconds of his life on Facebook

Passenger in Nepal plane crash livestreams last seconds of his life on Facebook

January 18, 2023
31
Nepal plane crash searchers rappel, fly drones to find last passengers

Nepal plane crash searchers rappel, fly drones to find last passengers

January 18, 2023
26
Prince William feared Prince Harry was being ‘brainwashed’ by his therapist

Prince William feared Prince Harry was being ‘brainwashed’ by his therapist

January 9, 2023
17
California doctor who drove Tesla off cliff to be charged with attempted murder

California doctor who drove Tesla off cliff to be charged with attempted murder

January 6, 2023
16
Japanese firm to study urban, provincial railways in Cambodia

Japanese firm to study urban, provincial railways in Cambodia

January 11, 2023
16
UK paper group bids to throw out Prince Harry and others’ privacy lawsuits

UK paper group bids to throw out Prince Harry and others’ privacy lawsuits

January 14, 2023
15

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!