Semen Baturaja full-year profit down 21%, revenue rises slightly

Indonesia state-owned producer Semen Baturaja’s profit declined by 21 per cent in 2016 to IDR274.09bn (US$20.6m) due to revenue growth being lower than its costs, the Jakarta Post reports.

Last year Semen Baturaja's revenue rose by 4.1 per cent to IDR1.52trn versus IDR1.46trn a year earlier, while costs increased by 4.4 per cent in 2016 to IDR1.01trn.

This year the company anticipates a 23 per cent increase in its sales this year due to a new factory that commenced operations in June. The new plant takes the producer’s total capacity to 2.85Mta of cement.