Taiheiyo Cement sees revenue increase in 9M17

Taiheiyo Cement has reported its financial results for the nine-month period ended 31 December 2017. The group revenue has increased to JPY653.06bn (US$5.95bn) from JPY592.21bn seen in the year-ago period. Similarly, operating profit grew to JPY48.68bn from JPY44.23bn of the 9M16. However, net profit has fallen considerably, finishing at JPY32.53bn in the 9M17 (9M16: JPY57.12bn). 

The company also released its outlook for the fiscal year period ending March 2018. The group revenue is expected to reach JPY865bn, while the operating profit is anticipated to hit JPY67bn. Taiheiyo Cement’s net profit is forecast to finish at JPY38bn.