Indonesia’s second-largest cement maker, PT Indocement Tunggal Prakarsa, reported on Wednesday its first-quarter net profit rose three-fold, helped by better margins.
The company, controlled by Germany’s HeidelbergCement AG , booked a net profit of IDR377bn (US$40.82m) in the January-March period compared to IDR112.5bn a year earlier.
Sales revenue climbed 38.6 percent to IDR2.05trn, while operating profit climbed to IDR545.8bn from IDR213.3bn a year earlier.
