Indonesia: Semen Baturaja reports double-digit sales growth

Indonesia: Semen Baturaja reports double-digit sales growth
Published: 03 March 2016


Semen Baturaja achieved a 20.66 per cent rise in cement sales last year to IDR1.46trn (US$109.32m), the Indonesian stated-owned cement company has said.

The sales growth has enabled the company to see its net profit increase by 5.43 per cent to IDR354.67bn throughout 2015.

The government's focus on infrastructure projects is seen as benefitting cement companies that support construction and infrastructure firms. Sales of Semen Baturaja's bulk cement, often used in government infrastructure projects, rose by 21.68 per cent YoY to IDR547.08bn in 2015. Meanwhile, bagged cement sales climbed 19.97 per cent to IDR905.03bn during the same period.