Indocement's profit up

Indocement's profit up

JAKARTA (JP): Publicly-listed PT Indocement Tunggal Prakarsa
yesterday announced its unaudited net income of Rp 322.1 billion
(US$140.3 million) for the January-September period, indicating a
26.3 percent increase over the same period of last year.

The company said in a statement yesterday that it raked in Rp
2.9 trillion in net consolidated revenues during the first nine
months of the year, a 17.6 percent increase over the previous
year.

Indocement, which sold its flour mill Bogasari to its sister
company Indofood Sukses Makmur earlier this year, said that its
food division contributed 63.2 percent of the revenues and 41.3
percent of its operating income.

Both the firm's cement and food divisions have planned major
expansions for the coming few years.

The cement division plans to construct three new cement
production units by the end of 1998 which will add its total
annual capacity by 6.1 million tons to the current level of 9.6
million tons.

The food division expects to increase the capacity of its
noodle plants next year to 9.4 billion packs per annum from the
current level of 8.5 billion packs. Bogasari plans to double its
flour milling capacity to 4.8 tons per annum. (rid)