Semen Gresik expects Trillion net profit in 2006

Semen Gresik expects Trillion net profit in 2006
Published: 06 January 2006

Corporate  Secretary  of Semen Gresik, Agung Wiharto, said that the company was  targeting  to  reach  Rp1  trillion of net profit in 2006, or 10-15 per cent higher than 2005 target at Rp 800-900 billion. The net profit growth is due to  the  cement  retail  price  increase and internal efficiency program in the production departments.

"With  gradual  retail  price increase to 20%, the company had exceeded its 2005  net  profit target by the third quarter. Therefore, we are optimistic that  our  net  profit  can jump by 10-15 percent in 2006," said Wiharto recently.