Japan: Sumitomo Osaka’s Cement’s consolidated sales were US$1.68bn in the nine-month period which ended on 31 December 2020, down by 3% year-on-year from US$1.74m in the corresponding period of its 2020 financial year. Its net profit rose by 5% to US$77.9m from US$73.8m. In December 2020 the company launched its ‘2020 - 2022 Medium-Term Management Plan’ to enable it to meet carbon neutrality by 2050.
Sumitomo Osaka Cement reports mixed results so far in 2021 financial year
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