Net profit of Semen Gresik to climb

Net profit of Semen Gresik to climb
Published: 06 December 2005

The net profit of PT Semen Gresik Tbk (SG) would start to break IDR1 trillion next year, especially due to the higher net profit of Semen Padang, a unit of Semen Gresik, in the next three years.   Some sources of Bisnis Indonesia said that the higher profitability of Semen Padang has been recorded on the third quarter report of the year, with the total net profit of IDR706.37 billion. This year, the consolidated net profit of the company would break IDR900 billion.  "The net profit of Semen Gresik would exceed IDR1 trillion next year. I don’t remember the exact figure, however," said one of Bisnis Indonesia’s sources on the prediction of the company. 

On separated occasion, the President Director of Semen Gresik, Dwi Soetjipto, also predicted that the profitability of the cement manufacturing company would be better in the next three years. It was due to the efficiency measures the company has been applying as the follow up of special audit it has conducted.  Until the end of the year, the net profit of Semen Padang would increase by more than 50% from IDR77 billion last year.  He said that the company has improved its efficiency especially on information technology side.