Aided by improved petrochemical earnings, Thailand's biggest industrial conglomerate – Siam Cement PCL has posted an 18% rise in Q3-09 earnings. Net profit for July-September 09 was 6.99 billion baht (US$209 mln), up from 5.94 billion baht last year. Sales dipped 19% due to lower product prices.
Weaker earnings are expected in Q4-09 resulting from a petrochemical oversupply along with the impact of a recent court order that suspended 76 industrial projects at the country's biggest industrial estate. That has affected a new Siam Cement petrochemical plant, which had been scheduled to start operations at the end of Q1-2010.
29-Oct-09 
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