Indocement sees profit go up 5.2%

Indonesia: Indocement Tunggal Prakasa, Indonesia's second largest cement manufacturer, posted a 5.2% increase in its profit in 2013, reaching US$440m. Its revenue also surged by 8.1% to reach US$1.65bn for 2013. It attributed its improved fortunes to an increase in cement prices. "The company used the good market momentum to increase prices, contributing to the increase in net revenue," said Indocement in a statement. Indocement's cement and clinker sales volumes increased by 1.2% to reach 18.2Mt in 2013.