PT Semen Gresik (SMGR.JK), Indonesia’s largest cement maker by assets and sales, saw first quarter net profit rise 56% on year because of increased sales, a company spokesman said Tuesday.
 
Net profit for the first three months of the year rose to IDR515bn from IDR330bn a year earlier, Gresik spokesman Sunardi said.
 
Sales rose 24% to IDR2.6 trillion from IDR2.1 trillion a year earlier on a 15% increase in domestic cement sales volume to 3.85Mt.
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