Indonesian Cement profit soars Rp 2.58 Trillion

PT Semen Indonesia (Persero) Tbk recorded a growth in financial performance in the first semester of 2013 increased compared to the same period last year. Recorded a net profit of Rp 2.58 trillion or Rp 436 per share, an increase of 22.9 percent.

Semen Indonesia President Director Dwi Soetjipto said Indonesian Cement net profit growth in line with the achievement of revenue, which stood at Rp 11.4 trillion, an increase of 31.9 percent over the same period last year, which stood at Rp 8.6 trillion.

“Revenue is supported by the total cement sales volume stood at 12.23 million tons, an increase of 18.3 percent over the same period last year amounted to 10.32 million tons,” said Dwi in Jakarta, Monday (29/7).

While the national cement sales volumes (industry-red) grew 7.5 percent to 27.83 million tons compared to the previous period, which stood at 25.89 million tonnes. “The increase in sales is outpacing the growth of the Indonesian Cement industry plant operations supported by Tonasa Tuban IV and V and the solid synergies, particularly in the areas of marketing and distribution in the Indonesian Cement Group. So that we are able domestic market share increased to 43.6 percent from 40.9 percent last year, “said Dwi.

Most of the company’s revenue, said Dwi, comes from the domestic market amounted to Rp 10.91 trillion, equivalent to 95.53 percent of total revenue in the first half of this year, an increase of 26.42 percent compared to the position of sales in the same period last year amounting to Rp 8.63 trillion.

In addition to maintaining dominance in the domestic market, Indonesian Cement also continue to boost sales to foreign markets, especially countries in Southeast Asia.

At least, that from January to June this year, Indonesian Cement has achieved record revenues in foreign markets amounted to Rp 511.64 billion. This number is said Dwi jumped nearly 170 percent compared to sales in the first semester abroad last year only amounted to Rp 30.34 billion. “We will continue to expand the market from year to year,” said the man who brought four awards in the SOE Award 2013.