Taiheiyo Cement falls 7% on weaker April-June operating profit

Shares in Taiheiyo Cement Corp opened lower Monday, weighed down by the firm's announcement on Friday that it recorded a JPY490m (US$6.3m) operating profit for the April-June quarter, an improvement over the previous year's JPY1.2bn loss but lower than the JPY1bn  profit predicted by The Nikkei.