Reuters Africa are reporting that Thailand's largest industrial conglomerate Siam Cement Pcl reported a 15% rise in quarterly net profit on 27 July, boosted by higher earnings from its petrochemical business.
April-June net profit was 16 billion baht (US$457.14 million), exceeding the average forecast of 13.9 billion baht. It was the highest quarterly net profit since the fourth quarter of 2010.
Second-quarter sales dropped 4%from a year earlier to 109 billion baht.
Green cement company, Ecocem, has announced the completion of a €22.5 million equity investment by Breakthrough Energy Ventures (BEV) and Breakthrough Energy Ventures-Europe (BEV-E). BEV will also nominate a director to the company’s Board of Directors.