Indocement Tunggal Prakarsa (INTP), the second-largest cement producer in Indonesia, posted a net profit of Rp640 billion in the first half (H1) of 2019, jumped 80% from Rp355 billion in H1 last year due to a 26% rise in gross profit. Semen Indonesia (SMGR), the largest cement producer, meanwhile, reported a net profit of Rp373 billion (attributable to the owner), dropped 61% from Rp955 billion in H1 last year due to squeezed margins.

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