SCG set for profit turnaround
Petrochemical rebound seen after weak 2012
- Published: 31 Jan 2013 at 00.00
- Newspaper section: Business
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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