Taiheiyo Cement sees 2% advance in net profit for 1HFY18

Taiheiyo Cement sees 2% advance in net profit for 1HFY18
08 November 2018


Taiheiyo Cement has reported a four per cent increase in revenue to JPY438.7bn (US$3.86bn) in the first half of FY18, ended 30 September 2018. In 1HFY17 the company saw a revenue of JPY421.94bn.

Operating profit slipped to JPY27.38bn in 1HFY18 from JPY27.43bn in 1HFY17 while pretax profit fell to JPY27.11bn from JPY28.07bn in the year-ago period. Net profit edged up 2.4 per cent from JPY16.93bn in 1HFY17 to JPY17.34bn in the first half of this financial year.

Taiheiyo Cement also released forecasts for the financial year ending 31 March 2019, which expect revenues of JPY900bn. Operating profit and pretax profit are projected at JPY68bn and JPY66bn, respectively while the company predicts a net profit of JPY42bn.

Published under Cement News