Semen Indonesia sees 18.7% fall in net income

In 2015, the net profit of state-run cement manufacturer Semen Indonesia fell by 18.7% to IDR 4.52 trillion (€301.62 million/US$335.76 million) from IDR 5.56 trillion in 2014. In the period between July 2015 and September 2015, its net income dipped by 21.6%. Also, in 2015, its overall revenue fell slightly from IDR 26.99 trillion in 2014 to IDR 26.95 trillion due to slow demand. Meanwhile, the production at two new cement production facilities in Central Java and West Sumatra are slated to start b
March 2, 2016 Read time: 1 min

In 2015, the net profit of state-run cement manufacturer 7818 Semen Indonesia fell by 18.7% to IDR 4.52 trillion (€301.62 million/US$335.76 million) from IDR 5.56 trillion in 2014.

In the period between July 2015 and September 2015, its net income dipped by 21.6%.

Also, in 2015, its overall revenue fell slightly from IDR 26.99 trillion in 2014 to IDR 26.95 trillion due to slow demand.

Meanwhile, the production at two new cement production facilities in Central Java and West Sumatra are slated to start between July-September, 2016. The annual output capacities at each of the latest production facilities is set to be at 3 million tonnes.

For 2016, Semen Indonesia expects to boost its sales abroad to counter the decline in local sales.

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