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(From Thai Press Reports)
Section: Corporate News - Siam Cement Group expects flat growth for its cement operations this year, despite predictions of reductions for the overall market for the first time since the 1997 economic crisis, the Bangkok Post reports.
The country's largest industrial conglomerate on July 26 reported second-quarter net profit of 7.63 billion baht, a 13% decline from the year before, even though sales rose 19% year-on-year to 63.75 billion.
Kan Trakulhoon, the SCC president, attributed the drop in profit to tighter margins, higher expenses and the fall in the cement market.
Sales growth was driven primarily by the …