Corporate Secretary of Semen Gresik, Agung Wiharto, said that the company was targeting to reach Rp1 trillion of net profit in 2006, or 10-15 per cent higher than 2005 target at Rp 800-900 billion. The net profit growth is due to the cement retail price increase and internal efficiency program in the production departments.
"With gradual retail price increase to 20%, the company had exceeded its 2005 net profit target by the third quarter. Therefore, we are optimistic that our net profit can jump by 10-15 percent in 2006," said Wiharto recently.
