Sumitomo Osaka Cement posts 14% rise in profit

Japan’s Sumitomo Osaka Cement has posted a 16.4 per cent YoY decline in profit to JPY43.78bn (US$399.57m) for the quarter ending 30 June 2021, compared to JPY52.35bn in the year-ago period.

However, operating profit climbed 13.6 per cent YoY to JPY2.92bn from JPY2.57bn.