Holcim sales up by 27 percent last quarter

Mon, 05/18/2009 4:54 PM

Holcim

 

 

 

 

PT Holcim Indonesia Tbk has released its unaudited financial statements covering the company’s results for the first quarter of 2009. Among the achievements highlighted are an increase of sales turnover by 27 percent and a 90 percent escalation in operating profits to Rp 252 billion.

            Holcim’s success last quarter was attributed to the brand’s strength and effective distribution of products. Despite a 35 percent decrease in national sales volume for ready-mixed concrete – reflecting a slowing down of major developments – Holcim recorded cement and clinker sales volumes of 1,503,000 tons, or up by 7 percent (including exports).

            Holcim Indonesia president director Tim Mackay said: “Despite a degree of uncertainty in the market, our results are sound and underline our brand strength and effective distribution in the building materials sector.”