PT Holcim Indonesia sales rise 24%

PT Holcim Indonesia sales rise 24%
Published: 26 August 2011

PT Holcim Indonesia reported a 23.5 per cent increase in YoY net profit to IDR457bn (US$53.5m) in the first half of the year.

The surge in profit was attributable to boosting sales to 3.5Mt, up 24 per cent from the same period last year.

Compared with other major cement producers, Holcim recorded the sharpest increase in net profit.

The largest producer PT Semen Gresik posted an increase of 15 per cent to IDR1.8trn and the second largest Indocement chalked up a growth rate of 5.3 per cent to IDR1.7trn.

Altogether cement sales in the country rose 15 per cent to 26.8Mt in the first seven months of the year compared to the same period last year.