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News Semen Indonesia’s profit falls due to fuel costs

Semen Indonesia’s profit falls due to fuel costs

Written by Global Cement staff 01 May 2018
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Indonesia: Semen Indonesia’s net profit fell by 45% year-on-year to US$29.6m in the first quarter of 2018 from US$54m in the same period in 2017. It blamed the decline on fuel costs and rising debt payments, according to Reuters. Despite this, its sales revenue rose by 3.4% to US$476m from US$460m. Its cement sales volumes rose by 4% to 6.79Mt from 6.53Mt. The majority of this rise came from exports, which increased by 44.9% to 0.6Mt from 0.41Mt.

Last modified on 02 May 2018
Published in Global Cement News
Tagged under
  • Indonesia
  • Semen Indonesia
  • Results
  • GCW351
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