Taiheiyo Cement downgrades FY net profit forecast

Taiheiyo Cement downgrades FY net profit forecast
Published: 08 December 2009

Taiheiyo Cement Corp decreased full-year net profit forecast from JPY8.5 billion to a loss of JPY4.5 billion after worsening net loss from JPY7.3 billion to JPY8 billion for the half-year to September 30, 2009.

Revenue was down 16.6% to JPY357.9 billion.

Operating profit fell from JPY4.5 billion to a loss of JPY1.7 billion and ordinary loss worsened from JPY3.4 billion to JPY4.3 billion.

Full-year revenue forecast is down 10.1% to JPY737 billion to March 31, 2010.