Semen Indonesia Boss Wants To Increase Added Value For Growth In 2024

Directors of Cement Indonesia (Photo: Antara)

JAKARTA - President Director of PT Semen Indonesia Tbk (SIG) Donny Arsal said the company will increase endurance and competitiveness as an effort to continue performance growth and realize sustainable development in 2024.

"To continue to provide optimal benefits for shareholders, customers and stakeholders," Donny said, quoting Antara.

He said the company managed to grow last year in the midst of industries that were depressed by rising commodity prices, high energy costs and inflation, as well as intense market competition.

As a market leader in the cement industry, he continued, the company has ambitions to move to the next level with the spirit of extra-miles in synergy, collaboration, as well as increased insight and expertise to maintain the domestic and regional markets.

"SIG continues to create added value that leads to recognition and appreciation from governments and other institutions at the national and international levels," said Donny.

On the same occasion, SIG President Commissioner Budi Waseso ensured that the company was prepared to face challenges in 2024, and always tried to be at the forefront.

"The challenge in the future is not easy, therefore we must innovate, synergize and continue to be enthusiastic about building a GIS for Indonesia," said Budi.

The BUMN company coded as SMGR shares posted a net profit of IDR 1.71 trillion in the third quarter of 2023, or an increase of 1.85 percent year on year (yoy) compared to the third quarter of 2022.

During that period, the company's revenue was recorded at IDR 27.7 trillion, or grew 4 percent (yoy), where the contribution from the income of the related parties was IDR 1.59 trillion, and the income from third parties was IDR 26.06 trillion.

Meanwhile, SIG's net profit was recorded at IDR 1.71 trillion in the third quarter of 2023, or an increase of 1.85 percent (yoy) compared to the same period the previous year.