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Siam Cement’s chemicals business reports rise in profits

11:50 AM MDT | October 30, 2013 | Deepti Ramesh

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), reports a 67% rise in net profits for the third quarter of 2013 compared with the year-ago quarter, to 3.79 billion baht ($122 million) mainly because of higher margins and better performance by affiliate companies, SCG says. Third-quarter sales for SCG Chemicals increased 7%, to baht55.8 billion, because of higher sales volume as well as product prices, SCG says. Ebitda for the business more than doubled compared to the year-ago quarter, to baht6.11 billion, mainly because of better...

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