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.
Higher profit, revenue posted by Indonesia’s Indocement in 2013
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 depr
Concrete Plants, Equipment & Applications / March 19, 2014