Thailand's largest industrial conglomerate posted a net profit of 14.1 billion baht (US$403 million) for July-September, surpassing an average forecast of 13.3 billion baht.
However, profit was down 12% from the previous quarter on a lack of dividend payouts from its investments and a slowdown in cement demand during the rainy season.
Profit from the cement and building materials segment fell 19% in Q3 as domestic cement demand dropped 5% due to lower offtake from non-government sectors.
