Siam Cement Pcl reports 57% growth in Q3 on strong performance by petrochemicals unit

27-Oct-16

Siam Cement Pcl's Q3 net profit grew a better-than-expected 57% on strong performance at its petrochemicals unit that offset weakness in its cement business, as per Reuters. Net profit of 14.1 billion baht (US$403 mln) was posted for July-September, but down by 12% from the previous quarter on a lack of dividend payouts from its investments and a slowdown in cement demand during the rainy season, the company said in a statement.