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

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...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers