Cement News tagged under: PT Semen Indonesia

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Semen Indonesia improves 9M net profit and carbon performance

02 November 2022, Published under Cement News

Indonesia-based PT Semen Indonesia Group (SIG) posted a net profit of IDR1.65trn (US$105.7m) in the January-September 2022 period, up 18.9 per cent from IDR1.39trn in the 9M21. In the cement division, sales reached IDR22.678trn while other revenues reached IDR7.506trn. The group’s revenue in the nine-month period reached IDR25.28trn, a minor decrease of 0.2 per cent when compared with IDR25.330trn reported in the 9M21. The cost of revenue was at IDR17.94trn, up from IDR17.655trn in the y...

PT Semen Indonesia reports 2% drop in 1H revenues

29 September 2022, Published under Cement News

PT Semen Indonesia saw a 2.1 per cent slip in total revenues to IDR15.876trn in the 1H22 when compared with the year-ago period. The company attributed the decrease mainly to lower sales volumes, which were down by 12 per cent YoY to 16.957Mt. Domestic sales volumes were down 2.6 per cent YoY to 13.972Mt as demand contracted due to the Lebaran holidays after a two-year gap during the pandemic and a shift in spending priorities by local people. Regional sales volumes fell by 39.2 per cent...

Semen Indonesia records 4Q20 results earnings of IDR1.25trn

02 March 2021, Published under Cement News

PT Semen Indonesia (SMGR)  booked 4Q20 earnings of IDR1.25trn (US$87.5m), up 35 per cent YoY, bringing 2020 earnings to IDR2.8trn, a rise of 17 per cent YoY, helped by lower interest costs and tax expenses. SMGR 2020 revenues of IDR35.2trn were down 13 per cent YoY, mainly due to lower volume and higher export sales. SMGR reported total 2020 volumes of 38.8Mt, an eight per cent YoY drop. This was dragged down by domestic sales of 32Mt, down 13 per cent YoY, while export sales rose ...

Two Indonesian producers expect 3-4% cement volume increase in 2021

02 March 2021, Published under Cement News

PT Semen Indonesia (SMGR ) and Indocement Tunggal Prakarsa (INTP) expect domestic cement volume to grow 3-4 per cent YoY in 2021. This could be achieved through a recovery in bulk cement, which declined in 2020 by 22 per cent YoY. Volume is expected to remain soft in the 1Q21 in Indonesia with turnaround expected to occur in the 2Q21, added UBS Global Research (Indonesia).   In 2020 there was increased competition in Java and Kalimantan, but the average selling price for Tier-1 brands r...

PT Semen Indonesia to pay IDR239bn dividend

23 June 2020, Published under Cement News

PT Semen Indonesia Tbk (SMGR) will pay a dividend of IDR239bn (US$16.9m) or 10 per cent of SMGR's net profit in 2019 which reached IDR2.39trn, down 22.3 per cent YoY. Per share, the dividend amounts to IDR9500, representing a yield of 0.42 per cent. "The remaining 90 per cent will be used for other reserves," explained the company’s Director of Marketing and Supply Chain, Adi Munandir, during the annual general meeting of shareholders (AGM) in Jakarta on 19 June. Mr Munandir added that th...

Taiheiyo Cement Corp signs MoU with Solusi Bangun Indonesia

24 April 2020, Published under Cement News

PT Semen Indonesia Tbk (SMGR), together with its affiliate PT Solusi Bangun Indonesia Tbk (SMCB), signed a memorandum of understanding (MoU) with Taiheiyo Cement Corp (TCC) on 21 April 2020. The initial agreement is to carry out investment and strategic cooperation between the parties. It includes an investment plan by TCC in SMCB, an agreement on exports to TCC and a partnership plan with TCC. The investment referred to in the MoU is related to the TCC's plan to make an investment in SMCB ...

PT Semen Indonesia to concentrate on strengthening regional market position

13 January 2020, Published under Cement News

Hendi Prio Santoso, managing director of PT Semen Indonesia Tbk (SMGR), has stated that the company will focus on developing derivative products and expanding into regional markets. "As an integrated provider of building material solutions, the affirmation of the company's focus is very important to maintain a sustainable growth trend in the future," said Mr Santoso. He was very grateful for the company's performance achievements in 2019. In the midst of increasingly-fierce industry compet...

What characterised the cement world in 2019?

20 December 2019, Published under Cement News

This week ICR looks back at a big year for the cement sector when news centred on several core themes. Prominent trends in our news flow have been the evolution of cement volumes, overcapacity and CO 2 reduction measures. Cement volumes There were a number of positives for cement demand in the 2019, with key markets on the whole performing robustly. At the start of 2019, SNIC President, Paulo Camillo, was suggesting that Brazil would see a change in domestic volumes "After four years ...

PT Semen Indonesia receives 9M19 profit decline

08 November 2019, Published under Cement News

Cement producer PT Semen Indonesia received a profit decline in 9M19 on the back of surging finance costs. Although Semen Indonesia earned IDR1.3trn (US$92.85m) in net profit from January to September, the profit was a 38 per cent down from 9M18 due to increasing finance costs, which jumped 235.33 per cent YoY. According to the company's financial report released on 31 October, revenue increased 31 per cent YoY to INR28.12trn in the nine-month period thanks to additional contributions from ...

Semen Indonesia Group and SBI see 47% rise in February sales

19 April 2019, Published under Cement News

Semen Indonesia Group and PT Solusi Bangun Indonesia (SBI) have posted sales of 3.095Mt in February 2019, a significant increase of 47 per cent YoY when compared with a sales volume of 2.106Mt noted in February 2018. Semen Indonesia reported a 7.4 per cent YoY advance in its sales volume to 2.157Mt  in February 2019. Of this total, the company supplied 1.856Mt to the domestic market, up 1.2 per cent when compared with 1.835Mt in February 2018. Around 300,772t was exported, representing a 7...