Indonesia: Holcim reports net loss to September 2015

Cement producer Holcim Indonesia has reported sales of IDR 6.56 trillion (€437.16 million/US$487.15 million) during the first nine months of 2015, down 2.59% from IDR 6.73 trillion a year earlier. During the period, the cement company reported a net loss of IDR 372.31 billion, compared to a profit of IDR 598.89 billion a year earlier. The cost of goods sold rose by a year-on-year 6.21% to IDR 5.08 trillion.

February 18, 2016 Read time: 1 min

Cement producer 680 Holcim Indonesia has reported sales of IDR 6.56 trillion (€437.16 million/US$487.15 million) during the first nine months of 2015, down 2.59% from IDR 6.73 trillion a year earlier.

During the period, the cement company reported a net loss of IDR 372.31 billion, compared to a profit of IDR 598.89 billion a year earlier.

The cost of goods sold rose by a year-on-year 6.21% to IDR 5.08 trillion.

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Indonesia’s cement consumption picks up in August

Data from the Indonesian Cement Association showed that cement consumption in August 2015 was at 5.34 million tonnes, up 14.7% from a year ago.

During the first eight months of 2015, national cement consumption was at 36.4 million tonnes, down 2% from the same period in 2014.

During the period, state construction companies have secured new contracts valued at IDR 48.07 trillion (€2.94 billion/US$3.29 billion), up IDR 34.78 trillion from a year ago.

According to the association, the growth of cement