Thailand's SCG Q1 net profit rise by 23% on strong chems earnings

摘要

SINGAPORE (ICIS)--Thailand’s Siam Cement Group’s (SCG) net profit surged by 23% year on year to Thai baht (Bt) 13.6bn ($387m) in the first quarter of this year, boosted by strong contributions from its chemicals unit, the company said on Wednesday. The firm’s overall sales were up slightly by 1% year on year at Bt110bn in the first quarter, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 17% to Bt21.6bn, the company said in a statement.