Thai Siam Cement turns to Q4 net profit

Thai Siam Cement turns to Q4 net profit
Published: 27 January 2010

Siam Cement, Thailand’s biggest industrial conglomerate, posted a net profit of THB5.33bn (US$161m) for the fourth quarter, turning round from a net loss a year before as there were no inventory losses this time and earnings improved at its cement and paper units.

The result compared with a net loss of THB3.48bn a year earlier and was down from a third-quarter net profit of nearly THB7bn.