SCG Packaging Plc (SCGP) has earned 112 billion baht over the first three quarters of 2022, up 26% year-on-year, but profit dipped 13% to 5.3 billion because of high energy and raw material prices across industries.
Wichan Jitpukdee, chief executive of SCGP, attributed the revenue increase to continuous expansion through a merger and partnership strategy as well as improved demand for food and beverage packaging, following the country's reopening and the easing of the Covid-19 situation.
In the third quarter alone, the company recorded 1.8 billion baht in profit, a 3% increase from the same period last year, thanks to product price adjustment, the growth in fibrous business with major impact from the increase in pulp price, augmented demand for food service packaging, as well as the increase in demand for food and beverage and consumer products in the local and overseas markets.
