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Byline: Busrin Treerapongpichit
Jul. 7--LPN Plate Mill Plc, a hot-rolled steel maker, expects its sales will grow by 20 percent this year after the company exits its court-supervised business rehabilitation later this month.
In the first quarter of this year, the company recorded a net profit of 56.80 million baht on revenue of 1.6 billion. It posted a net profit of 78.5 million baht on revenue of 2.73 billion in 2004.
According to LPN's chairman, Pipat Preedaviphat, the company expects the government's massive infrastructure projects as well as infrastructure projects in China will be the main drivers for future sales growth.
LPN, ...
Source: HighBeam Research, Steel firm LPN expects strong gains after debt deal.