Semen Gresik 1Q Net Profit IDR515bn Vs IDR330bn

Semen Gresik 1Q Net Profit IDR515bn Vs IDR330bn
06 May 2008


PT Semen Gresik (SMGR.JK), Indonesia’s largest cement maker by assets and sales, saw first quarter net profit rise 56% on year because of increased sales, a company spokesman said Tuesday.
 
Net profit for the first three months of the year rose to IDR515bn from IDR330bn a year earlier, Gresik spokesman Sunardi said.
 
Sales rose 24% to IDR2.6 trillion from IDR2.1 trillion a year earlier on a 15% increase in domestic cement sales volume to 3.85Mt.
Published under Cement News