Why did SCG Chemicals' net profit plunge 62% year-on-year in Q2 despite a 19.4% sales increase?

SCG Chemicals' net profit plunged 62% year-on-year to 4.8 billion baht primarily due to the absence of one-off investment gains from the previous year, including the bargain purchase of PT Chandra Asri Pacific Tbk (CAP), CAP’s investment in Aster Chemicals and Energy Pte. Ltd., and fair-value adjustment gains related to the CAP investment following a change in investment status.

What operational impacts did the Middle East conflict have on SCG Chemicals' production facilities in Q2?

The Middle East conflict caused oil price increases and feedstock shortages across Asia, leading to multiple plant shutdowns: the Long Son Petrochemicals facility in Vietnam was temporarily shut down from mid-May, and affiliate Rayong Olefins Co., Ltd. has been offline since March 10 — both due to feedstock shortages linked to the conflict.

SCG Chemicals profit plunges as one-off investment gains fade

Jul 23, 2026

SCG Chemicals' Q2 net profit fell 62% despite sales growth, citing fading investment gains and Middle East conflicts causing feedstock shortages, plant shutdowns, and sharp increases in PE, PP, and PVC prices.

chemweek

2026-07-23

SCG Chemicals profit plunges as one-off investment gains fade

SCG Chemicals profit plunges as one-off investment gains fade

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