Siam Cement expects flat 4Q sales on flood factor

Siam Cement reported a five per cent sales rise in the third quarter, but expects floods to impact sales in the final three months of the year.

Sales in the fourth quarter are expected to be flat, as there were no floods during the same period of 2012. As a result, sales growth is estimated at 5.2 per cent for all of 2013.

For the third quarter, SCG posted a 53 per cent YoY increase in net profit to THB9.8bn as sales rose nine per cent to THB113.85bn.

For the nine-month period, earnings jumped 71 per cent from a year earlier to THB28.51bn as sales rose seven to THB329.84bn. Some THB131bn of SCG's sales are from building materials, THB44bn from paper, THB162bn from chemicals and the rest from other products.