SCG Ceramics announces operating results for the second quar
Dec 25, 2023 4:56:52 GMT
Post by account_disabled on Dec 25, 2023 4:56:52 GMT
Although the COVID crisis that occurred throughout the second quarter caused sales to decrease both domestically and exported abroad, the company's profits increased 95% compared to the previous year. Because it can effectively manage distribution channels Reduce administrative costs by shifting more work processes online. Able to adapt quickly according to changing customer behavior as well as lower energy costs compared to last year. As a result, this quarter's operating results were better than expected. Mr. Namphon Malichai, Managing Director of SCG Ceramics Public Company Limited or COTTO, manufacturer and distributor of tiles under the brands COTTO, SOSUCO and CAMPANA. ) revealed the unreviewed consolidated financial statements of COTTO in the 2nd quarter of 2020 that the company had sales revenue of 2,369 million baht, a decrease of 15 percent, but the company had a profit for the period of 41 million baht, an increase of 95 percent compared to with the same quarter of the previous year.
For the results of the first half of 2020, although the economic slowdown from the COVID-19 problem made the company Sales revenue was 4,892 million baht, down 16 percent from the same period last year, but the company was still able to make a profit for the period of 166 million baht, an increase of 10 percent, which was much better than expected. Mr. Namphon revealed that “The company's sales both Email Marketing List domestically and abroad decreased from last year. Especially during the lockdown measures, which closed the main distribution channels, which are all modern trade stores. However, because the company There are various distribution channels. And there is management of each form of distribution channel. effectively, causing some impact but not too much Because consumers still have access to the company's products. Can be obtained from various channels Whether it's a distributor shop, a ceramic warehouse, and online channels.
In addition, we have also partnered with a modern trade store to help stimulate product sales through online channels during the time the storefront is closed. As a result, overall sales through this channel have grown by 300%. The ceramic warehouse has sales higher than the target every month. Meanwhile, most dealers still have stable sales.” In terms of exports to CLM markets, America, Europe and Oceania. Affected differently according to the severity of the COVID-19 outbreak in each area. However, during the past quarter, the company Able to produce and transport goods continuously without interruption As a result, the results of the second quarter were much better than expected. And now the export market is starting to improve somewhat in countries that are recovering, especially CLM countries.
For the results of the first half of 2020, although the economic slowdown from the COVID-19 problem made the company Sales revenue was 4,892 million baht, down 16 percent from the same period last year, but the company was still able to make a profit for the period of 166 million baht, an increase of 10 percent, which was much better than expected. Mr. Namphon revealed that “The company's sales both Email Marketing List domestically and abroad decreased from last year. Especially during the lockdown measures, which closed the main distribution channels, which are all modern trade stores. However, because the company There are various distribution channels. And there is management of each form of distribution channel. effectively, causing some impact but not too much Because consumers still have access to the company's products. Can be obtained from various channels Whether it's a distributor shop, a ceramic warehouse, and online channels.
In addition, we have also partnered with a modern trade store to help stimulate product sales through online channels during the time the storefront is closed. As a result, overall sales through this channel have grown by 300%. The ceramic warehouse has sales higher than the target every month. Meanwhile, most dealers still have stable sales.” In terms of exports to CLM markets, America, Europe and Oceania. Affected differently according to the severity of the COVID-19 outbreak in each area. However, during the past quarter, the company Able to produce and transport goods continuously without interruption As a result, the results of the second quarter were much better than expected. And now the export market is starting to improve somewhat in countries that are recovering, especially CLM countries.