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| SCG reports results for Q2/2009 and H1/2009 Thailand's Siam Cement Group (SCG) announces operating performance of the second quarter and first half of fiscal 2009 showing improvement from last quarter. Sales of High Value Added Products & Services (HVA) on total net sales show outstanding result. The group cautiously moves forward with its key strategies. The unreviewed consolidated financial statements of SCG for the second quarter of fiscal year 2009 (Q2/09) showed Net Sales of 56,880 MB, an increase of 3% q-o-q, but decreased 29% y-o-y, due to lower prices of chemicals and paper product. The Consolidated Net Profit registered 6,837 MB, an increase of 32% q-o-q with better performance from the chemicals, paper, and building materials businesses, but decreased 5% due to the slowdown in global economy. For the first half of 2009 (H1/09), SCG recorded Net Sales of 112,091 MB, a decrease of 29% y-o-y due to lower core businesses prices, while Net Profit decreased 16% y-o-y to 12,025 MB due to slower the global economy. The total assets of SCG as of June 30, 2009 amounted to 300,441 MB. write your comments about the article :: © 2009 Construction News :: home page |