Semen Gresik lower performance, Indonesia

Semen Gresik lower performance, Indonesia
Published: 20 October 2010

PT Semen Gresik (Persero) Tbk indicated 13 and 16 per cent lower revenue and net profit compared to last year.

Finance director of Semen GresikCholil Hasan said the fall is particularly attributed to improved spending for PT Semen Tonasa since the beginning of the year. But he was optimistic to meet the targeted profit and revenues.

"Up to end of September, Semen Gresik net profit is estimated IDR2trn with above IDR9trn revenue and IDR3.06trn business profit. We target IDR10trn revenue this year," he said in Tokyo yesterday.