Thai TPI Polene sees Q2 net profit up

Thai TPI Polene sees Q2 net profit up
09 April 2004


TPI Polene PCL, Thailand’s number three cement maker, said on Friday it expected its second-quarter net profit to exceed the 2.3 billion baht ($59 million) posted in the first quarter.  Chief executive Prachai Leophairatana told reporters the forecast was based on rising cement sales and prices on the back of a domestic construction boom. He did not give a specific figure.  The company also planned to book a 3.14 billion baht gain from a recent debt restructuring in the second quarter, he said.
Published under Cement News