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Siam Cement's chemicals business reports huge fall in quarterly profits

7:21 AM MST | January 30, 2013 | Deepti Ramesh

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), reported a 73% fall in profits in the fourth quarter of 2012 compared with the year-ago quarter, to 185 million baht ($6.2 million), mainly because of lower equity income from associate companies, SCG says. Fourth-quarter sales increased 7%, to baht49.25 billion, mainly because of higher sales' volume as a result of increased capacity utilization, SCG says. Ebitda decreased 9% in the fourth quarter, to baht1.83 billion. SCG Chemicals reported a 76% fall in profits in 2012 compared with...

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