PT Semen Indonesia to pay IDR239bn dividend
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,...
South Asia
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Refractories for AF-fired kilns Premium
The use of alternative fuels (AFs) has seen increasing demand being placed upon refractories. The Siam Refractory Industry Co Ltd has developed a third-generation refractory bri...
YTL Corp records 11% revenue increase
Malaysia’s YTL Corp has reported a 65.6 per cent decline in net profit to MYR29.52m (US$6.9m) in the third quarter ending 31 March, compared to MYR85.79m in the year-ago period....
Hong Leong Asia grows stake in Tasek Corp
Hon Leong Asia’s wholly-owned subsidiary, Ridge Star, has acquired 30,700 shares of Malaysia-based Tasek Corp at a value of around US$57,964, according to The Straits Times. Fol...
VICEM Ha Tien Cement submits targets for 2020
Vietnam’s VICEM Ha Tien Cement reported a five per cent YoY rise in net revenue to VND8839bn (US$379.79m) and profit before tax of VND928bn (up 14 per cent YoY) in 2019. However...
Federal Budget FY21 impacts positively on the cement industry in Pakistan
Hammad Azhar, Pakistan's Federal Minister for Industries and Production, on June 12 unveiled a tax-free federal budget for FY20-21 in Parliament with a total outlay of PKR7.136t...
Economic survey reviews Pakistan cement industry for FY19-20
The Pakistan government has released its economic survey for FY19-20 on the eve of the Federal Budget FY20-21. The survey reviews government incentives for the cement industry, ...
Indonesian export shipments surge 41% in May
Cement and clinker exports from Indonesia advanced 41 per cent YoY in May to reach 625,650t, according to the Indonesian Cement Association (ASI). In May 2019 cement and clinker...
Indonesian cement market contracts 38% in May
Demand for cement in Indonesia declined 38.3 per cent in May 2020 to 3,207,114t, according to the Indonesia Cement Association (ASI). In May 2019 domestic consumption reached 5,...
Semen Indonesia Group sees 37% fall in May sales
Semen Indonesia Group (SIG) reported a 36.7 per cent drop in sales to 2,114,125t in May 2020 when compared with 3,338,768t in May 2019. Of this total Semen Indonesia, including ...