Siam Cement posts jump in 3Q net profit

The Siam Cement Group posted net profit of 11,988 million baht (US$292m) for the third quarter of this financial year, a jump of 147 per cent on the same period last year.  The company said in a statement that SCG performed strongly in most business units, but particularly in petrochemicals.

SCG’s total sales amounted to 52,233 million baht (US$1.2 billion) during the current quarter, a 45 per cent increase on last year.

By sector, SCG’s petrochemicals recorded total sales of 21,135 million baht in the third quarter, up 79 per cent on last year; cement had total sales of 9,576 million baht, up 25 per cent; building products recorded total sales of 5,274 million baht, up 19 per cent; distribution sales totalled 18,867 million baht, up 41 per cent; and paper and packaging recorded sales of 9,768 million baht, up 15 per cent on the same period last year.