Holcim Indonesia Reports 27 Percent Increase in Net Profit
Holcim Indonesia, Indonesia's third-largest cement producer, reported net profit of IDR 1.35 trillion (US $140.0 million) in 2012, a 27.0 percent increase compared to the previous year. Earnings per share increased to IDR 176. At the coming shareholders meeting (2 April 2013), the Board of Directors will propose a final dividend of IDR 48 per share. This brings total dividend in 2012 to IDR 80, as an interim dividend of IDR 32 per share was paid in September.
According to the Indonesian Cement Association, domestic cement consumption grew 14.4 percent to 54.9 million tons in 2012. This growth was driven by increased activity in real estate and commercial developments, fuelled by rising middle class spending power and progress in public infrastructure plans.
Indonesia's largest cement producers are Semen Indonesia (previously known as Semen Gresik), Indocement Tunggal Prakarsa and Holcim Indonesia.
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