Siam Cement’s Chemicals Business Reports Rise in Profits and Sales

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), reported a 23% increase in net profits for the first quarter, to baht3.04 billion ($95 million), compared with the year-ago period. Sales increased by 34% to baht29 billion, mainly due to higher polymer prices. The profits increased due to higher equity income from SCG Chemicals’ associates, the company...

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