The Siam Cement Public Company Limited announced unaudited consolidated earnings results for the fourth quarter and full year ended December 2015. For the quarter, on consolidated basis, the company reported profit for the period of THB 11,449 million, an increase of 29% year on year, attributed to better earnings in the chemicals business. EBITDA increased 11% year on year to THB 19,931 million, driving by wider chemicals spreads. Revenue from Sales decreased 10% year on year to THB 105,622 million, largely due to lower crude prices. EBITDA from operations was THB 18,952 million and EPS was THB 9.5. Net debt registered THB 162,485 million, a decrease of THB 1,921 million from fourth quarter of 2014. Return on equity was 24%.

For the year, on consolidated basis, the company reported profit for the period of THB 45,400 million, an increase of 35% year on year from THB 33,615.3 million, attributed to the healthy chemicals earning, despite the domestic weakness in the Cement and Building Materials operations. Likewise, EBITDA increased 24% year on year to THB 82,690 million, while Revenue from Sales dropped 10% year on year to THB 439,614 million on lower chemicals prices. EBITDA from operations was THB 79,346 million and EPS was THB 37.8. The combined cash outflow in was THB 76,680 million. CAPEX & Investment amounted to THB 45,184 million, of which 60% was from cement-building materials, 25% from packaging, 11% from chemicals and 4% from others. EPS was THB 37.83 compared to THB 28.01 per share in last year.

For the year, on a company basis, the company reported net profit of THB 19,824,662,000 compared to THB 24,230,217,000 a year ago. Earnings per share were THB 16.52 compared to THB 20.19 a year ago.

The forecasted fiscal year 2016 CAPEX & Investment is approximately THB 50,000 million.