Siam Cement’s 4Q net profit drops, strong sales recovery expected

Siam Cement’s 4Q net profit drops, strong sales recovery expected
Published: 25 January 2012

Tagged Under: Siam Cement Group 

Thailand’s biggest industrial conglomerate, Siam Cement, recorded an 81 per cent drop in fourth quarter net profit due to the recent typhoon-triggered floods that hit the country last year as well as changes in the treatment of deffered tax. However, the company forecasts robust recovery in 2012 sales on post-flooding reconstruction, with further gains expected should the company complete any acquisitions.


 






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