Semen Indonesia 2016 net profit plateaus

Semen Indonesia posted a 0.2 per cent increase in net income in 2016 last year amid falling sales and revenue, according to a company filing on Monday.

The state-controlled company posted IDR4.5trn (US$337m) in net income last year, just slightly higher than in 2015.

The company's total sales and revenue dropped three per cent to IDR26.1trn amid weak demand from the domestic market.

Semen Indonesia's sales by volume, excluding from its subsidiaries, dropped 0.6 per cent to 13.9Mt in 2016, according to data from the Indonesia Cement Association (ASI).