Rebound at Kaiser Cement Sees $7.4-Million Profit

Kaiser Cement reported third-quarter net earnings of $7.4 million, compared to a net loss of $49.1 million for the same period last year.

Company officials blamed the 1984 loss on the company’s former investment in China Cement Co. Ltd., which was written off in the third quarter.

For the first nine months of this year, Kaiser reported net earnings of $14.7 million, compared to a net loss of $54.3 million for the same period last year.