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News Sumitomo Osaka Cement forecasts sales growth and return to profit in 2024 financial year

Sumitomo Osaka Cement forecasts sales growth and return to profit in 2024 financial year

Written by Global Cement staff 09 February 2024
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Japan: Sumitomo Osaka Cement expects to record a 9.5% year-on-year rise in its sales in the 2024 financial year (1 April 2023 – 31 March 2024), to US$1.5bn. Nikkei Financial News has reported that this represents a downward revision of 1.3% from the producer’s previous estimate of US$1.52bn. On the other hand, Sumitomo Osaka Cement revised its profit forecast upwards by 12%, to US$79m. Previously in the 2023 financial year, it reported a loss of US$38.3m.

Last modified on 06 March 2024
Published in Global Cement News
Tagged under
  • Japan
  • Sumitomo Osaka Cement
  • Forecast
  • Profit
  • GCW646
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