Business Highlights
- Net Income increased 42.1% year on year (yoy) to Rp2,524 billion, or equivalent to an EPS of Rp426 (full amount).
- Semen
Gresik's total sales volume in 2008 reached 17.66 million tons of
cement, or an increase of 4.2% yoy. Utilization rate of the plants
reached 98.1%.
- Domestic sales volume was 16.65 million tons
of cement, or an increase of 9.8% yoy. Domestic sales accounts for
94.3% of total sales.
- In 2008, the Company’s domestic market share was 43.7% versus 44.4 % in 2007.
- Semen Gresik, Semen Padang, and Semen Tonasa each contributed 53.5%, 30.8% and 18.1% to consolidated revenue.
- In
January 30, 2009 the Company conducted Extraordinary General Meeting of
Shareholders, among others resulting in the following resolutions:
To approve the change of plan for the power plants construction from
the initial number of 10 units with a total capacity of 410 MW and an
investment of USD 573 million, to a total number of 2 units with a
total capacity of 70 MW (2x35 MW) and an investment of USD 114 million
to be located in Sulawesi.
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