Indocement 4Q10 net profit falls, Indonesia
PT Indocement Tunggal Perkasa, Indonesia’s biggest cement maker by market value, on Thursday said its fourth-quarter 2010 net profit fell four percent as costs climbed.
The firm’s fourth quarter net profit was IDR841bn (US$95.8m) in 2010, compared with IDR878bn in the same period a year earlier, Reuters calculations showed based on published full-year and nine-months results.
Indocement, controlled by HeidelbergCement, reported a full year 2010 net profit of IDR3.224trn, up 17 per cent from IDR2.747trn a year earlier. Net revenue rose 5.3 per cent to IDR11.14trn.
The company is expanding its current 18.6Mta capacity by another 2Mt by 2012, through the construction a new plant this year.
Published under Cement News
