Semen Gresik says 2010 profit up 10 percent

Indonesia's biggest cement maker by output PT Semen Gresik sees its 2010 net profit up 10 percent, as efficiency gains made up for flat revenue, Dwi Sutjipto, the firm's president director, told Reuters on Tuesday.

This would lag analysts' forecasts for 2010 net profit growth of about 14 percent to 3.8 trillion rupiah ($420 million), according to Thomson Reuters I/B/E/S. ($1 = 9048 Rupiah). Source: Reuters