Higher profit, revenue posted by Indonesia’s Indocement in 2013
First publishedon www.AggBusiness.com
Indocement Tunggal Prakasa (Indocement) of Indonesia posted a revenue of €1.19 billion (IDR 18.69 trillion), up 8.1% year-on-year in 2013 as net profit rose by 5.2% to IDR 5.01 trillion. The cement maker reported a 5.5% increase in its domestic sales, while the total sales volume for the company reached 18.2 million tonnes on a 1.2% growth. Contrastingly, the share of Indocement in the local cement market dropped from 32% to 30.4%. This is said to be due to the emergence of new industry players and the depreciation of rupiah.