Cement News tagged under: Siam Cement

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Siam Cement 1Q net profit drops

26 April 2012, Published under Cement News

  Siam Cement said Wednesday its first quarter net profit fell 35% from a year earlier mainly because higher cost and lower income from affiliates. The company posted a net profit of THB5.97bn (US$192.6m), compared with THB9.21bn a year earlier, according to a filing with the Stock Exchange of Thailand.

KGI Securities confident on Siam Cement 2H earnings, Thailand

20 April 2012, Published under Cement News

KGI Securities expects good earning results from Thailand’s Siam Cement in the second half of 2012. "We anticipate earnings in the second half of 2012 to improve strongly thanks to the world economic recovery that should help lift the global demand for chemical products and allows the chemical spread to increase to more than $500/tonne," the broker said a research note. The broker also added that post-flood reconstructions would be the key driver for the company's net profits in the fi...

Siam Cement to issue bonds in March, Thailand

21 February 2012, Published under Cement News

Siam Cement PCL of Thailand plans to issue up to THB25bn worth of bonds to existing bond holders and the public, Dow Jones News reports. The bonds, worth a four-year maturity, will carry a coupon rate of 4.15 per cent, the company said in a filing to the Securities and Exchange Commission on Monday. The bonds will be open for subscription during 1-9 March 2012 and during 26-30 March 2012, Siam Cement said. Siam Commercial Bank PCL, Bangkok Bank PCL, Kasikornbank PCL, Krung Thai Bank...