Thailand: Siam Cement Group reports sharply lower Q4/2005 earnings.

(From Thai Press Reports)

Section: Corporate News - The Siam Cement Group (SCG) on January 25 reported a 46-per-cent drop in its net profit for last year's fourth quarter, because of higher energy costs and a maintenance shutdown of its major petrochemical plant, The Nation reports.

Siam Cement president Kan Trakulhoon said the unaudited consolidated financial statement for SCG and subsidiaries for last year showed total sales of Bt218 billion, up 13 per cent on year. However, as a result of increased energy costs and a 35-day scheduled turn-round of the naphtha cracker plant, the operating profit before extraordinary items dropped to Bt30.71 billion, down 9 …