The management of state-owned cement maker PT Semen Padang hopes to chalk up Rp128.8 bn (US$14m) in net profit this year, up 92 per cent from 2003. Company President Dwi Soetjipto said this year its sales are predicted to rise to Rp1.71 trillion from last year’s Rp1.58 trillion. Soetjipto said the company hopes to restructure its debts by converting short term debts into long term ones. He said short term debts of the company are much larger than its long term debts, causing liquidity problems.

Dangote Cement reports 86% surge in profit after tax
In its unaudited results for the 1Q25, Dangote Cement posted a 21.7 per cent YoY increase in r...