Semen Gresik, the country's largest cement producer, announced on Monday that it will pay an interim dividend of Rp 58 per share in December.
The company said in a statement that the payment would be conducted on Dec. 23, 2009 and those eligible for the dividend are the shareholders recorded by the company as of Dec. 10.
Semen Gresik has booked a 18.3 percent increase in net profits during the January-September period from a year earlier, with better prices compensating for reduced demand.
Despite a decline in demand for the industry, the company managed to sell almost 13 million tons of cement during this period, slightly more than the 12.4 million tons sold a year earlier, he said.
During this period, the publicly listed firm posted Rp 2.4 trillion (US$250 million) in net profits, up from Rp 1.791 trillion the previous year. Its revenue also increased by 18.3 percent to Rp 10.4 trillion, from Rp 8.8 trillion a year before.
The Semen Gresik Group - comprising Semen Gresik in East Java, Semen Padang in West Sumatra and Semen Tonasa in South Sulawesi - is the largest cement producer in Indonesia, with a 45 percent market share of Indonesia's cement industry.
It produces around 18 million tons per year, 98 percent of its total capacity.
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