• Most Popular
  • Most Shared

Siam Cement sees '08 profit margin down on high oil

Wed Jul 23, 2008 4:17am EDT

BANGKOK, July 23 (Reuters) - Siam Cement PCL SCC.BK (SCC), Thailand's biggest industrial conglomerate, said on Wednesday it expected its average profit margin to fall this year due to rising oil prices.

"Revenues should meet our target this year but the profit margin should fall," Kan Trakulhoon told reporters, adding the company was working to control its costs. ($1=33.36 Baht) (Reporting by Pisit Changplayngam; Writing by Viparat Jantraprap; Editing by Darren Schuettler)



More from Reuters

Photo

Fox, Time Warner Cable ink temp deal to avoid blackout

NEW YORK (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.

» More Top News
A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Global Markets
Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009. REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article 

Lifestyle