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Siam Cement’s Chemicals Business Reports Fall in Profits

6:32 AM MDT | October 28, 2010 | Deepti Ramesh

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), reported an 8% fall in net profits for the third quarter, to baht3.84 billion ($128 million) compared with the year-ago period. However, sales increased 34%, to baht39.63 billion. The fall in profits was due to squeezed margins, the company...

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