SCG has announced its FY 2013 results that saw higher revenue and profit, which overall contributed to positive growth. SCG recorded Rp 147.544 billion (US$14.130 million) in revenue from sales, up 7% y-o-y from growth in all business units. SCG also booked a 56% y-o-y profit increase to Rp 12.476 billion (US$1.195 Million), generated from the continuing recovery of chemicals margins and higher domestic demand of cement products.

SCG President and CEO Mr. Kan Trakulhoon in the unaudited consolidated financial statements for SCG and its subsidiaries said, "To maintain sustainable growth in ASEAN, SCG will continue to expand our investments. For example, we will build, as planned, our first cement plant in Indonesia and Myanmar and expand cement production capacity in Cambodia. Our integrated petrochemicals complex in Vietnam has made further progress with the ongoing process of subcontractor bidding. Having appointed financial advisors, we should be able to finalize our financial statements by yearend. Meanwhile, other business deals are on the table, supporting our schemes to continuously move towards our business expansion strategy in ASEAN."

In Q4/2013, SCG recorded Rp 38.433 billion (US$3.29 million) in Revenue from Sales, up 5% y-o-y courtesy of growth in most business units. Profit for the period registered Rp 3.021 billion (US$259 million), up 19% y-o-y, following the continued recovery of chemicals margins, and higher domestic cement demand.

In addition to expanding its business in ASEAN, the company will continue to develop value-added products with an allocated R&D budget of more than Rp 1.359 billion (US$130 Million) this year. In 2013, SCG had an R&D budget of Rp 703 billion (US$67 million), which was close to the targeted plan and had propelled the volume of HVA (High Value Added) product sales to 35 percent in total sales last year, compared to SCG eco value's 26 percent in total sales.

With a clear commitment to become a green business, SCG was recently awarded the U.S. Green Building Council (USGBC)'s LEED Platinum - The Leadership in Energy and Environmental Design for Building Design and Construction: LEED BDC, which is the highest level of world-class certification for environmentally-friendly buildings - for its SCG 100 Years Building. The award fantastically showcases the company's relentless mission to operate its business responsibly to both society and the world.

SCG in ASEAN

For SCG's combined ASEAN operations (ex-Thailand), Revenue from Sales in Q4/2013 recorded 31% growth y-o-y, amounting to Rp 4.012 billion (US$343 million), which is 10% of SCG's total Revenue from Sales.

For FY2013, Revenue from Sales of SCG's combined ASEAN operations recorded 25% growth y-o-y, amounting to Rp 13.227 billion (US$1.267 million), which can be attributed to the acquisitions of businesses in Indonesia and Vietnam. The acquisition of Prime Group Joint Stock Company (Prime Group), Vietnam's leading building materials manufacturer, has propelled SCG to become the world's largest ceramic tiles producer with the highest production capacity.

As of December 31, 2013, total SCG assets amounted to Rp 164.606 billion (US$13.427 million), while total assets of SCG in ASEAN amounted to Rp 26.834 billion (US$2.189 million), which is 16% of SCG's total consolidated assets.

SCG Indonesia

For SCG's operating results in Indonesia, the company reported Revenue from Sales in Q4/2013 at Rp 1.319 billion (US$113 million).

For FY2013, SCG in Indonesia reported Revenue from Sales at Rp 4.488 billion (US$430 million), a 8% growth y-o-y mainly contributed by growth in the ready-mixed concrete, distribution, pipe and precast business and the consolidation of corrugated paper business in Q4/2013.

For FY2013, total SCG assets in Indonesia amounted to Rp 13.096 billion (US$1.068 million), an increase of 17% y-o-y from the cement plant investments in Sukabumi, Semen Jawa, equity in Chandra Asri Petrochemical and new corrugated paper business investment, Primacorr Mandiri.

About SCG:

SCG, one of the leading conglomerates in the ASEAN region, comprises three core businesses: SCG Cement-Building Materials, SCG Chemicals, and SCG Paper. With more than 200 companies under its umbrella and approximately 47,000 employees, SCG creates and distributes innovative products and services that respond to the current and future needs of consumers.

SCG began its business operation in Indonesia since 1995 and has gradually expanded investment in diversified businesses such as PVC, ceramic tiles, and joint ventures with local partners in the building material business. Today, SCG has approximately 6,500 employees in Indonesia and a total of 23 companies across multiple industries including cement and building material, chemical, and paper manufacturing.



distributed by