Thailand’s Siam Cement is likely to post a 44.4% YoY increase in its 2010 net profit to THB35.16bn (US$1.1bn), shows a Dow Jones poll of seven analysts. One-off gains from selling its stake in PTT Chemical and a better performance by its paper and petrochemical businesses are attributable to the expected robust earnings. Siam Cement in December sold a 15.6% stake in PTT Chemical for THB33bn and the company is expected to book an THB8.8bn profit from the sale in 4Q. Published under Cement News
Thailand’s Siam Cement is likely to post a 44.4% YoY increase in its 2010 net profit to THB35.16bn (US$1.1bn), shows a Dow Jones poll of seven analysts. One-off gains from selling its stake in PTT Chemical and a better performance by its paper and petrochemical businesses are attributable to the expected robust earnings. Siam Cement in December sold a 15.6% stake in PTT Chemical for THB33bn and the company is expected to book an THB8.8bn profit from the sale in 4Q. Published under Cement News
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