Semen Gresik expects Trillion net profit in 2006

Semen Gresik expects Trillion net profit in 2006
06 January 2006


Corporate  Secretary  of Semen Gresik, Agung Wiharto, said that the company was  targeting  to  reach  Rp1  trillion of net profit in 2006, or 10-15 per cent higher than 2005 target at Rp 800-900 billion. The net profit growth is due to  the  cement  retail  price  increase and internal efficiency program in the production departments.

"With  gradual  retail  price increase to 20%, the company had exceeded its 2005  net  profit target by the third quarter. Therefore, we are optimistic that  our  net  profit  can jump by 10-15 percent in 2006," said Wiharto recently.

Published under Cement News