Semen Gresik 1Q11 profits rise 9% YoY

Semen Gresik 1Q11 profits rise 9% YoY
Published: 02 May 2011

Indonesian cement producer Semen Gresik said its first quarter net profit rose 9% to IDR884bn ($103m) from IDR811bn a year earlier on higher sales. Revenue was IDR3.55trn, up from IDR3.25trn a year earlier. Its operating income stood at IDR1.06trn from IDR1.01trn a year earlier, the company said in an exchange announcement.