Japan: Ube Group’s sales of cement have fallen by 7.2% year-on-year to US$1.05bn in the first half of its 2016 financial year that ended on 30 September 2016 from US$1.13bn in the same period in 2015. Its operating income fell by 24.5% to US$69.8m from US$93.8m. The company blamed this on sluggish demand for cement domestically and low market prices for exports despite buoyant volumes. Overall the group reported that its total new sales fell by 13.1% to US$2.69bn from US$3.09bn.
Ube cement sales fall by 7.2% to US$1.05bn in first half of 2016 financial year
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