SGP anticipates 10% growth in sales

SET-listed Siam Gas and Petrochemical (SGP), Thailand's second-largest liquefied petroleum gas (LPG) trader, expects sales to grow by 10% this year, improving revenue, though earnings and profit fell in the first quarter.

- YUTHANA PRAIWAN

The company expects demand for LPG to remain strong in Asia despite the impact of new US tariffs, said Jintana Kingkaew, deputy managing director for accounting, finance and procurement at SGP.

Households often use LPG for cooking, while businesses need it for various purposes, such as heating, drying and curing in manufacturing processes.

The company’s LPG sales tallied 3.23 million tonnes in 2024.

Roughly 75% of total LPG sales came from its overseas businesses, especially in Southeast Asia and China, while 25% is based on domestic demand.