Business Highlights
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Net Income increased by 41.4% year-on-year amounting to Rp1,799 billion or equivalent to EPS of Rp 303 (full amount).
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Semen Gresik’s total sales volume in 9M08 reached 13.17 million tons of ement or an increase of 4.4% year-on-year.
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Domestic sales volume posted 12.37 million tons of cement or an increase of 10.0% year-on-year. Domestic sales accounts for 93.92% of total sales.
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Semen Gresik, Semen Padang and Semen Tonasa each contributed 53.05%, 31.65% and 17.62% to consolidated net revenues.
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Production cost per tons in 9M08 increased by 14% higher than that in 9M07 mainly caused by an increase of energy cost, packaging, and transportation cost.
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Ebitda increased by 34.5% amounting to Rp2,775 billion year-on-year.
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As of 30 September 2008, the Company’s LT Liabilities amount to Rp84 billion, with debt-to equity ratio decreased to 1.11% from 1.92% in 2007.
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