Indocement 4Q10 net profit falls, Indonesia

Indocement 4Q10 net profit falls, Indonesia
17 March 2011

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