Semen Baturaja Grows Over Industrial Average

By : Herry Barus And Aldi Firhand. A | Saturday, November 04 2017 - 20:29 IWST

Baturaja Cement
Baturaja Cement

INDUSTRY.co.id - Palembang - PT Semen Baturaja recorded a growth exceeding the national average of cement industry in the third quarter of 2017 ie 2.7 percent from 1.5 percent.

Director of PT Semen Baturaja Rahmad Pribadi in Palembang, Saturday (4/11/2017) said that this positive achievement can not be separated from the operation of Baturaja II Factory since September 1, 2017.

The new plant has provided an additional production capacity of 1.85 million tons, bringing the total production capacity of Semen Baturaja currently to 3.85 million tons of cement.

"Based on that achievement, Semen Baturaja became the cement company that posted the best performance in the cement industry of the country," he said.

SMBR booked revenue of Rp999.6 billion, nine months. In September it recorded sales of 180,015 tons or grew 11 percent, while cumulatively, sales of SMBR cement up to September amounted to 1,165,116 tons or grew by 4 percent, compared to last year.

The increase in sales volume keeps the profitability of SMBR relatively stable.

According to Rahmad Pribadi, the presence of Baturaja II Factory becomes a differentiator of SMBR compared to other big players due to the advantages of new factory technology.

SMBR can maintain COGS tons so that gross profit still stands at Rp331.6 billion, relatively the same as last year and much better than the gross profit industry which experienced a correction of 21 percent.

"The selling price / ton of cement is still maintained, only down 1 percent compared to industries that fell 8-10 percent," continued Rahmad.

SMBR posted a net profit per September of Rp107.5 billion, down 38.5 percent from last year due to decreases in other income and interest expense.

"With the completion of the construction of Baturaja ll Factory, the other revenue that we have got is reduced and there is also interest expense from Investment Credit which causes the corrected net profit, which is still better than the industry's net profit performance which decreased by 62 percent," he said.

News Comment

Today's Industry

Presiden Jokowi hadiri Sidang Tahunan MPR 2018 (Foto Setkab)

Kamis, 16 Agustus 2018 - 18:00 WIB

President Jokowi is Optimistic of the People Able to Face Future Challenges

Jakarta - President Joko Widodo (Jokowi) said, the celebration of 73rd Independence Day on Friday (08/17/2018) tomorrow is a momentum to recall the spirit of Indonesian unity which has been…

Ilustrasi Sapi

Kamis, 16 Agustus 2018 - 17:30 WIB

Chaotic Cattle Milk, Government Obligation to Protect Farmers

Jakarta It is the responsibility of the government to take over the effects of the issuance of the Permentan revision relating to the absorption of cow milk, in response to the concerns of farmers.

Kementerian ESDM Luncurkan Contact Center ESDM136

Kamis, 16 Agustus 2018 - 17:00 WIB

Improve Public Information Services, Ministry of Energy and Mineral Resources Launch ESDM Contact Center 136

Jakarta - To further facilitate the public in obtaining information related to the ESDM sector, the ESDM Ministry on Wednesday (08/15/2018) launched the "Contact Center ESDM 136" service which…

Kementrian ESDM (Hariyanto/ INDUSTRY.co.id)

Kamis, 16 Agustus 2018 - 16:30 WIB

These are the Five Steps of ESDM to Increase Foreign Exchange and Strengthen Rupiah Exchange Rate

Jakarta - At a Limited Meeting (Ratas) held on Tuesday (08/14/2018), President Jokowi gave several directions related to the program to increase foreign exchange in the ESDM sector. The meeting…

Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan

Kamis, 16 Agustus 2018 - 16:00 WIB

Minister Jonan: Pertamina Must Buy Oil Production Results from National KKKS

Jakarta - Energy and Mineral Resources (ESDM) Minister Ignasius Jonan said the government requires PT Pertamina (Persero) to buy all crude oil production produced by the national Cooperation…