Indocement says nine-month net profit jumps 27%

Indocement says nine-month net profit jumps 27%
Published: 29 October 2010

PT Indocement Tunggal Perkasa said nine-month net profit rose 27 per cent.

Indocement, which has a market capitalisation of US$7.56bn, reported a net profit of IDR2.383trn in the first nine months of 2010. That compared with a net profit of IDR1.868trn in the year-ago period.

Revenues rose 9.2 per cent to IDR8.11trn from IDR7.42trn a year ago.

Indocement is expected to post a full-year 2010 net profit of IDR3.51trn, according to the consensus in Thomson Reuters.