Siam Cement 2010 net profit likely +44.4%

Siam Cement 2010 net profit likely +44.4%
Published: 25 January 2011

Thailand’s Siam Cement is likely to post a 44.4% YoY increase in its 2010 net profit to THB35.16bn (US$1.1bn), shows a Dow Jones poll of seven analysts. One-off gains from selling its stake in PTT Chemical and a better performance by its paper and petrochemical businesses are attributable to the expected robust earnings. Siam Cement in December sold a 15.6% stake in PTT Chemical for THB33bn and the company is expected to book an THB8.8bn profit from the sale in 4Q.