Semen Gresik 1Q Net Profit IDR515bn Vs IDR330bn

Semen Gresik 1Q Net Profit IDR515bn Vs IDR330bn
Published: 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.