Defining the News
SCG announced its operating results for Q2/2024, demonstrating continuous improvement in sales, efficiency, sustainability
For the first half of the year, SCG generated a total revenue of P398.707 billion , nearly matching the previous year’s figures. The company’s revenue streams were diversified across its business units, with SCG Chemicals contributing the most significant portion at 39 percent. Furthermore, the company has leveraged artificial intelligence to enhance operational efficiency by tailoring its product offerings to meet customer needs, such as CPAC’s compact concrete mixer trucks designed for urban construction.
To navigate these conditions, SCG has built up a substantial cash reserve of 124,616 Million PHP and focuses on innovative solutions to meet customer needs. The company is also capitalizing on infrastructure development in Indonesia and Vietnam, where government spending is on the rise.
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