Thai Siam Cement post Q4 net profit
Published by Joseph Green,
Editor
World Cement,
According to a Reuters report, Siam Cement announced on 27 January that it posted a 29% increase in Q4 net profit as stronger earnings from its chemical unit outweighed weakness in cement and the building materials business.
Net profit reached 11.4 billion baht (US$318.52 million), surpassing an average forecast of 9.7 billion baht.
For 2015 in total, the company posted a 35% rise in net profit of 45.4 billion baht thanks to strong chemical earnings, while its sales fell 10% to 439.6 billion baht due to lower chemical prices.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/asia-pacific-rim/27012016/thai-siam-cement-post-q4-net-profit-390/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.
