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Holcim Posts Rise In Profit On Higher Sales, Forex Gain
February 19, 2010

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PT Holcim Indonesia, the country’s third-biggest cement producer, said on Friday that its 2009 net profit rose 217 percent from 2008 to Rp 896 billion ($95.87 million), due to higher sales and foreign-exchange gains.

The company said it recorded sales of Rp 5.9 trillion last year, up from Rp 5.3 trillion in 2008, as construction activities such as infrastructure and property development began to resume in line with the economic recovery. It said it booked forex gains of Rp 372 billion in 2009, compared to a forex loss of Rp 532 billion in 2008.

Holcim paid tax of Rp 385 billion last year, compared to Rp 17 billion the previous year.

Shares in Holcim fell 0.61 percent to Rp 1,640 on Friday on the Indonesian Stock Exchange (IDX). JG




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