During the first half, Semen Gresik sold 6.68Mt of cement in domestic market, up from 6.23Mt a year ago, and exported 878,530t against 1.06Mt previously.
Over the same period, domestic cement consumption rose 9.0 per cent year-on-year to 15.08Mt from 13.83Mt, while industry-wide cement exports rose 34.4 per cent to 1.74Mt from 1.29Mt a year earlier.
Semen Gresik said its operating profit rose 31 per cent in the first half to 515.91 bln rupiah from the year-earlier 393.57 bln. The bottom line growth was further paced by a decline in net other charges to 55.81 bln from 123.93 bln a year ago thanks to a sharp fall in interest expenses to 82.95 bln from 150.63 bln.
