PT Semen Baturaja announced a near-34 per cent fall in January-September 2016 net profit from 9M15 to IDR174.74bn (US$13.4m) from IDR264.66bn.
The drop in net profit was attributed to the rise in the cost of goods at a time when revenues increased only marginally. Revenues in the first nine months of 2016 edged up to IDR1.04trn from IDR1.03trn in 9M15.
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