Holcim Indonesia net profit advances

Holcim Indonesia net profit advances
07 March 2012

Holcim Indonesia reported a rise of over 20 per cent in revenue and net profit last year, as the company progresses with plans to raise capacity in this thriving market.

The company reported a net profit of IDR1.06trn in 2011, up 28.33 per cent from IDR828.42bn the year before.

Revenue reached IDR7.52trn, representing an increase of 20 per cent from IDR5.96trn YoY.

However, the cost of sales increased 25 per cent last year to IDR4.67trn last year but the company reported gains from interest income and an elimination of goodwill amortisation in its final report.

Holcim Indonesia is currently working a new plant in Tuban on the main island of Java. Slated to come on-stream in the first half of 2013, this important plant will have a capacity of 1.6Mta of cement.

Published under Cement News