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Siam Cement's chemicals business reports fall in profits

8:37 AM MDT | October 24, 2012 | Deepti Ramesh

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok) has reported a 30% fall in net profits for the third quarter, ended 30 September 2012, compared with the year-ago period, to 2.27 billion baht ($74 million) mainly due to lower equity income from associate companies. Third-quarter sales increased 7%, to baht52 billion, as a result of higher sales volume, the company says. For the first 9 months of 2012, SCG Chemicals reported a 76% fall in profits, compared with the first 9 months of 2011, to baht2.5 billion. Sales for the 9-month...

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