Jakarta (Antara) - State cement maker PT Semen Indonesia Tbk (SMGR) posted a net profit of Rp2.58 trillion in the first half of this year, up 22.9 percent from the same period last year. The profit was fueled by rising income which jumped 31.9 percent to Rp11.4 trillion from Rp8.6 trillion, PT Semen Indonesia President Director Dwi Soetjipto said in a press statement released on Monday. The company's cement sales rose 18.3 percent to 12.23 million tons from 10.32 million tons, he said. Meanwhile, national cement sales grew 7.5 percent in the first half of 2013 to 27.83 million tons compared to 25.89 million tons in the same period last year. "The increase in Semen Indonesia's sales which exceeded industrial growth resulted from the operation of its plants Tuban IV and Tonasa V and the ever increasingly solid synergy particularly in the marketing and distribution of its products within Semen Indonesia Group," he said. PT Semen Indonesia held a 43.6 percent share of the domestic cement market in the first half of 2013 compared to 40.9 percent in the same period last year, he said. He said domestic sales contributed Rp10.91 trillion or 95.53 percent of the company's overall income in the first semester of 2013, a 26.42 percent increase compared to the same period last year. (*)

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