Indonesia’s Indocement Q1 net profit up 33 per cent

Indonesia’s Indocement Q1 net profit up 33 per cent
Published: 30 April 2009

PT Indocement Tunggal Prakarsa Tbk , Indonesia’s second-largest cement maker, reported a 33 per cent rise in its first-quarter net profit on Thursday.

Indocement, which has a stock market value of US$1.87bn, said net profit for January-March rose to IDR502.7bn (US$46.3m) from IDR378.9bn a year ago, while revenue climbed 6.5 per cent to IDR2.19trn.