HÀ NỘI — Thai conglomerate SCG witnessed a business recovery in the second quarter of this year due to swift adjustments to operational plans amid a slowing ASEAN and Chinese economy, the company announced on Wednesday. In Q2 alone, SCG reported revenue from sales of US$3.7 billion and its profit excluding extra items of $154 million, up 14 per cent quarter-on-quarter, largely due to dividend income from the investment business. Despite this, the company's profit for the period increased by 31 per cent year-on-year to $726 million, primarily due to the one-time gain from fair value adjustment of investment. Profit excluding extra items hit $289 million), down 49 per cent year-on-year. Of these, the total assets of SCG in ASEAN (ex-Thailand) were US$ 11.9 billion, or 45 per cent of SCG’s total consolidated assets.
