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Siam Cement’s chemicals business reports fall in first-quarter profits

3:37 AM MDT | April 30, 2014 | Deepti Ramesh

The chemical subsidiary of Siam Cement Group (SCG; Bangkok) reports a 6% fall in net profits for the first quarter of 2014 compared with the year-ago period, to 2.48 billion baht ($77 million). First-quarter sales for the subsidiary increased 14%, however, to baht60.8 billion. Ebitda for the business increased 54% compared with the year-ago quarter, to baht4.98 billion. Sales and Ebitda increased as a result of better margins in high-density polyethylene and polypropylene, SCG says. Profits for the first quarter decreased mainly because of lower margins in...

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