SCGP Reports 20% Decline in Profit over Lower Selling Prices, Offering THB0.25 Dividend

SCG Packaging Public Company Limited (SET: SCGP) has announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q23 2Q22
Net Profit (Loss)
Million Baht
1,484.78 1,855.93
Earning Per Share
0.3500 0.4300
% Change -20.00
6 Months 2023 2022
Net Profit (Loss)
Million Baht
2,705.27 3,513.89
Earning Per Share (Baht) 0.63 0.82
% Change -23.01

SCGP reported a net profit in 2Q23 at 1,484 million baht, decreased 20% from the same period of last year. The decline was mainly as a result of lower regional selling prices of packaging paper and pulp.

On 25 July 2023, the Board of Directors of SCGP has approved a H1/2023 interim dividend payment of THB0.25/Share, which is payable on 22 August 2023 (XD-date on 8 August 2023, and record date on 9 August 2023)