Taiheiyo profit falls despite increase in revenue

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Japan: Taiheiyo Cement has released its financial results for the nine months to 31 December 2017. They show a 10.3% rise in revenue for the nine month period to US$5.96bn from US$5.40bn in the first nine months of 2016. Its operating profit was up by 10.1% from US$403m to US$444m over the same period but its net profit fell by 43% to US$297m from US$520.9m. For the full year to 31 March 2018, Taiheiyo Cement advises that it anticipates a revenue of US$7.9bn, an operating profit of US$611m and a net profit of US$347m.

Last modified on 14 February 2018

URL: https://www.globalcement.com/news/item/7069-taiheiyo-profit-falls-despite-increase-in-revenue

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