JAKARTA: PT Indocement Tunggal Prakarsa Tbk noted decline in gross profit margin and operating profit margin by respectively 1.3% and 1% due to bigger cost.
Gross profit margin decreased 46.1% from 47.4% while operating profit margin fell to 33.5% from 32.5%, said Corporate Secretary Sahat Panggabean. However, growth occurred on revenue, gross profit, operating profit and net profit.
“There was an increase in operating expenses due to increase in logistics costs as a result of growth in sales volume,” he said on a written statement, Tuesday (7/31/2012).
Despite the hike in revenue and net profit, he added, the company should continue to pay close attention to energy cost which plays the biggest part in production cost. Furthermore, Indocement should mind rupiah depreciation against US dollar as 60% of purchase are in dollar.
As written in its first half financial report in 2012, the producer of Tiga Roda cement brand, noted 25.54% net profit growth to IDR2.17 trillion from IDR1.73 trillion. Such gain was supported by hike in sales volume and sales price that boosted revenue growth by 29.4% to IDR8.19 trillion than IDR6.33 trillion in the same period last year.
Another cement manufacturer, PT Semen Gresik Tbk also recorded decline in net profit margin in the first six months of 2012 to 24.43% from 24.93%. The state-controlled company noted 13.38% revenue growth to IDR8.66 trillion from IDR7.61 trillion, hence net profit grew by 11.56% to IDR2.12 trillion from IDR1.89 trillion. (T05/aph)
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