Nine Months Of Profit Achieved Rp1.65 Trillion, Semen Indonesia Optimizes Profitability Marjins

Photo: Doc. Antara/Semen Indonesia

JAKARTA - PT Semen Indonesia (Persero) Tbk (SIG) earned a net profit attributable to owners of the parent entity of IDR 1.65 trillion in the third quarter of 2022. This record grew 18.9 percent compared to the same period the previous year which amounted to IDR 1.39 trillion.

"In the first nine months of 2022, SIG consistently managed to record an increase in company performance amid high industrial competition challenges as well as rising fuel and energy prices," said SIG Corporate Secretary Vita Mahreyni in a statement quoted by Antara, Tuesday, November 1.

The revenue of the issuer coded SMGR in the third quarter of 2022 reached IDR 25.28 trillion and the cost of revenue was recorded at IDR 17.94 trillion.

Vita said, amid the various challenges and changes that occurred, SIG consistently focused on topline management strategies through a multibrand approach to optimizing profitability margins with dominant market share.

The company also continuously controls costs to achieve operational excellence through optimization of production and distribution networks.

"We also apply the principles of sustainable development to achieve the decarbonization target through a decrease in the cluster factor and an increase in the thermal substitution rate (TSR)," said Vita.

Vita added that GIS also proves resilience is not only from business achievements, but also sustainable operations that are the company's competitiveness.