Monday , February 6 2023

Siam Cement Group reports $1.52 billion sales in 2021

Thai-owned Siam Cement Group reported a 32 percent increase in revenues to VND35 trillion (US$1.52 billion) last year.

Q4 revenues jumped 46 percent year-on-year to VND10 trillion.

The conglomerate has 23 subsidiaries in Vietnam with over 150,000 employees. As of Dec. 31 it was worth VND146.8 trillion, up 32 percent from the previous year.

Overall, the company reported over $1.4 billion in profits last year, up 38 percent, on revenues of $16.5 billion, up 33 percent, thanks to increased prices of petrochemical products as well as output.

Roongrote Rangsiyopash, president and CEO of the company, said the business profited from the integration of ESG, digital transformation and development of healthcare solutions.

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