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SCG posts nine-month sales revenue of $989m

Update: October, 31/2018 - 17:00
Young Vietnamese players in action at the SCG Street Football competition in HCM City. — VNS Photo
Viet Nam News

HÀ NỘI — SCG, a Thai-owned Southeast Asian conglomerate, reported third quarter revenue from sales of more than VNĐ8.1 trillion (US$349 million), a year-on-year increase of 18 per cent.

The revenue mainly came from its chemicals business, the company said, adding that over the past nine months, its revenue from sales in Việt Nam stood at VNĐ22.65 trillion ($989 million).

The LSP Petrochemicals Complex Project, SCG’s latest key venture, was progressing as planned, with engineering design, machinery and equipment procurement and site preparation for construction works already commenced. Located in the southern province of Bà Rịa-Vũng Tàu, the $5.4 billion-project was slated for completion in 2023, SCG said in a statement.

With its passion for better community support, SCG has continued its journey on sporting development to support young Vietnamese footballers through the SCG Street Football competition in Hà Nội and HCM City which attracted more than 140 teams. The final will be held in the capital in November.

Late last week, SCG also opened a playground for Long Sơn 1 Primary School in Long Sơn Commune in Bà Rịa-Vũng Tàu Province, following the first two playgrounds at the same location in 2017.

“At Long Sơn Commune – the home of our flagship petrochemical facility, SCG has worked closely with local authorities on several community projects, including these playgrounds,” Somchai Wangwattanapanich, senior vice president of SCG’s chemicals business, said.

“Our goal is to build a recreational space that is safe and joyful for the little pupils of this commune, to help them develop holistically through playing,” he said. — VNS 

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