PT Semen Gresik’s 1Q sales up 11.6%

PT Semen Gresik’s 1Q sales up 11.6%
Published: 17 April 2007

PT Semen Gresik, Indonesia’s largest cement maker, saw a 11.6 per cent rise in sales in the first quarter of 2007 to 3.93Mt on higher demand for its product in the export market.  
 
First-quarter domestic sales rose 5.7 per cent to 3.52Mt from the same period a year earlier, while exports more than doubled to 411,396t from 195,000t, the company said in a statement on Tuesday.  
 
In March, exports climbed 625 per cent to 168,430t, while domestic sales fell 2.4 per cent to 1.21Mt from the same period last year.  
 
Last year PT Semen Gresik posted a net profit of Rp1.29 trillion, up 29 per cent from a year earlier, helped by an increase in sales to Rp8.73 trillion from 7.53 trillion.  
 
The company held 46.9 per cent share of the domestic cement market in 2006, compared with 45.4 per cent the year before.