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SCG's cement division posts 29% revenue rise in 3Q12, Thailand

09 November 2012, Published under Cement News

Siam Cement Group's cement business posted a 29 per cent increase in revenue to THB17.7bn (US$577.6m) in the third quarter of 2012, attributable to a higher domestic sales volume as well as consolidation of the recently acquired ready-mixed concrete business in Indonesia. The cement business also saw a 33 per cent rise in net profit to THB2.45bn. Building materials witnessed 18 per cent growth in revenue to THB10.5bn, thanks to continued domestic market growth momentum.