Semen Baturaja, Indonesia, raises revenue by 6.5% in 2013

In 2013, Indonesian state-owned cement producer Semen Baturaja has recorded a revenue of IDR 1.16 trillion (€73.7 million/US4101.84 million), up by 6.5% on-year. Meanwhile, the company’snet profit rose by 4.6% to IDR 312.1 billion. In terms of sales, Semen Baturaja has sold 1.26 million tonnes of cement in 2013, a hike by 2% on a year earlier.

March 31, 2014 Read time: 1 min

RSSIn 2013, Indonesian state-owned cement producer 7704 Semen Baturaja has recorded a revenue of IDR 1.16 trillion (€73.7 million/US4101.84 million), up by 6.5% on-year.

Meanwhile, the company’snet profit rose by 4.6% to IDR 312.1 billion.

In terms of sales, Semen Baturaja has sold 1.26 million tonnes of cement in 2013, a hike by 2% on a year earlier.

In 2013, Semen Indonesia, also a state-owned cement producer, raised its net profit by 10.8% on-year to IDR 5.37rillion (€341.19 million/US$471.45 million). Revenues also hiked by 25.01% on-year to IDR 24.5 trillion.

Following the upbeat performance, Semen Indonesia's president director Dwi Soetjipto said the company will raise its dividend payments by 10.6% more than in 2012. Dividends of IDR 2.42 trillion equivalent to 45% payout ratio of net profit will be given out.

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