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News Taiheiyo Cement’s nine-month profit falls by 4.3% year-on-year

Taiheiyo Cement’s nine-month profit falls by 4.3% year-on-year

Written by Global Cement staff 07 February 2020
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Japan: Taiheiyo Cement recorded a net profit of US$278m in the nine months to 31 December 2019, the first three quarters of the Japanese 2020 fiscal year. This corresponds to a 10% fall from US$310m in the nine months to 31 December 2018. Its nine-month sales fell by 4.3% year-on-year to US$6.04bn in the first three quarters of the present financial year, compared to US$6.31bn one year previously.

Taiheiyo Cement revised its forecasted full-year (to 31 March 2020) net profit down from US$570m, published in its six-month results on 12 November 2019, to US$364m.

Last modified on 12 February 2020
Published in Global Cement News
Tagged under
  • Japan
  • Taiheiyo Cement
  • Results
  • Profit
  • Sales
  • GCW442

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