Kaiser Cement reported a net loss of...

Kaiser Cement reported a net loss of $1.4 million in the first quarter, compared to net earnings of $215,000 in the first quarter of 1985. The Oakland-based firm’s revenues totaled $47.8 million, down from $56.2 million in the 1985 period. A substantial portion of the decline was due to the inclusion in the 1985 first quarter of revenue from cement, concrete and aggregate operations that were subsequently sold. Revenue also decreased as a result of reduced cement shipments in Northern California, which experienced unusually heavy rains and flooding during the winter quarter, and a 6% decline in the company’s average revenue per ton.