Taiheiyo Cement nine months down
Taiheiyo Cement Corp reported a net profit of JPY2.272 billion in the 9 months ending December 31, 2005, a 84.5 per cent decrease from the same period last year. It was on revenue up 4.6 per cent to JPY663.7 billion. Operating profit was up 36.5 per cent to JPY45.3 billion, and ordinary profit was up 51.4 per cent to JPY38.1 billion.
Profits increased due to growth in the cement business in Japan followed by private investment increase and demand increase associated with disaster recovery construction works, as well as favourable growth in various regions overseas. Operating profit and ordinary profit increased due to increased income, decreased selling and general administration costs, and improved non-operating income and expenses. Net profit decreased significantly due to impairment losses of JPY31.7 billion for fixed assets.
Published under Cement News
