Taiheiyo ups H1 net profit estimate to Y4.5bn, Japan

Taiheiyo ups H1 net profit estimate to Y4.5bn, Japan
Published: 22 October 2004

Taiheiyo Cement Corp, said it now expects to post a first half to September parent net profit of 4. 5bn yen, higher than the 400m yen net profit seen earlier, citing the booking of a special dividend of 1.5bn yen from its affiliates. The company did not disclose details of the special dividend. Taiheiyo Cement now forecasts a first half to September parent current profit of 2.7bn yen on revenue of 140bn yen, compared to its earlier forecasts of 800m yen current profit on revenue of 141bn yen. The company said it will update its consolidated earnings forecasts as soon as it completes an ongoing review.