Italian-Thai warns of poor Q3
Italian-Thai Development, one of the country’s biggest construction company, said yesterday that it expected a second-quarter net profit similar to the previous quarter’s 197 million baht. But it expected third-quarter performance to be "not good", due to the impact of rising oil prices, according to president Premchai Karnasuta. "The impact will be seen in our third-quarter performance, which should not be good," he said, without giving specific forecasts.
Mr Premchai said the company might delay a planned $200-million bond issue from the third quarter due to the country’s political crisis. "We may postpone the issue as the current political situation may not give good ratings," he said.
Published under Cement News
