PT Holcim Indonesia 1H net profit increases 15 per cent

PT Holcim Indonesia 1H net profit increases 15 per cent
Published: 03 September 2012


PT Holcim Indonesia recorded a 15 per cent rise in net profit driven by increased sales.

Net income rose to IDR514.4bn (US$54m) in the first six months of this year from IDR447.7m in the same period of last year. Revenue increased 18 per cent to IDR4.19trn, according to reports in the Jakarta Globe.

Holcim Indonesia is currently working on construction of a new plant in Tuban, on the main island of Java. Slated to come on-stream in the first half of 2013, this new plant will have a capacity of 1.6Mta.

Cement sales in Southeast Asia’s largest economy are forecast to rise 6.5 per cent this year. Several infrastructure projects have started under the government’s master plan for economic development (MP3EI) including roads, bridges, airports and seaports.