Indonesia’s second biggest cement maker, PT Indocement Tunggal Prakarsa, said Wednesday its net profit for the first 9 months of the year rose 25.4 per cent aided by higher sales and falling interest expenses.
The company said it posted a 9-month net profit of IDR699.47bn, which compared to IDR557.84bn in the same period last year.
Sales rose 10.2 per cent YoY to 5.31 trillion rupiah.
Indocement said its operating profit rose 17 per cent to 1.12 trillion rupiah.
It said its interest charges fell to IDR150.64bn in the period from IDR235.49bn in the corresponding period last year.
This led to a fall in net non-operating expenses to IDR122.98bn from IDR157.31bn.