Japan: Ube Industries net sales have fallen by 5.8% year-on-year to US$1.49bn for the first nine months of 2016 from US$1.59bn in the same period in 2015. Its operating income fell by 21% to US$109m from US$139m. The cement producer blamed the declines on weak demand for cement, low prices and rising prices of coal in the third quarter despite a strong export market.
Ube Industries net sales drop by 5.8% to US1.49bn in first nine months of 2016
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