Taiheiyo Cement maintains net profit forecast

Taiheiyo Cement maintains net profit forecast
Published: 09 February 2011

Taiheiyo Cement Corp maintained a full-year net profit forecast of JPY4bn (US$48.4m) after worsening net loss from JPY2.5bn to JPY5.4bn for the nine months to December 31, 2010.

Revenue was down 1.6% to JPY537.3bn.

Operating profit increased 131.9% to JPY8.6bn and ordinary profit fell 31.2% to JPY1.7 billion.

Full-year revenue forecast is unchanged at JPY691.4bn to March 31, 2011.