Thai industrial conglomerate firm SCC’s Q1 profit seen up 25%

Thai industrial conglomerate firm SCC’s Q1 profit seen up 25%
Published: 27 April 2005

Net profit of Siam Cement Plc (SCC), Thailand’s largest industrial conglomerate, in the first quarter of this year would expand as much as 25 per cent from the same quarter last year on the back of the company’s continued expansion in its petrochemical industry, according to brokers. It is expected that SCC would announce its first quarter’s net profit this week.

At least five securities companies projected that SCC’s first quarter net profit would be ranging between 8.37bn baht to 9.22bn baht, an increase of 14-25 per cent from THB7.36bn in net profit SCC reported in the first quarter of last year.

However, the projected net profit is less than THB9.4bn the cement firm reported in the fourth quarter of 2004.