Taiheiyo Cement expects a profit recovery

Byswb

Updated Mon, 18 May 2009 00:00:00 GMT

Taiheiyo Cement Corp. (5233 JT) said it will have 8.5 billion yen in net income in the year ending in March 2010, recovering from a net loss of 35.4 billion yen in the year ended March 31. The target exceeded the median estimate of 500 million yen by seven analysts surveyed by Bloomberg.

On May 15, Its share advanced 5.8 percent to 201 yen, its highest since Aug. 12.