SCG set for profit turnaround | Bangkok Post: business

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SCG set for profit turnaround

Petrochemical rebound seen after weak 2012

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Siam Cement Group (SCG), Thailand's top industrial conglomerate, expects revenue of 435 billion baht this year for a higher net profit than last year on an anticipated rebound in its core petrochemical business. 

Mr Kan expects 7% revenue growth and a higher net profit for SCG this year after 2012’s historically poor showing.

The 2012 net profit fell by 14% to 23.6 billion baht after earnings from the petrochemical unit plunged 76% to 2.69 billion.

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