Cement News tagged under: Solusi Bangun Indonesia
Semen Indonesia records 4Q20 results earnings of IDR1.25trn02 March 2021, Published under Cement NewsPT Semen Indonesia (SMGR) booked 4Q20 earnings of IDR1.25trn (US$87.5m), up 35 per cent YoY, bringing 2020 earnings to IDR2.8trn, a rise of 17 per cent YoY, helped by lower interest costs and tax expenses. SMGR 2020 revenues of IDR35.2trn were down 13 per cent YoY, mainly due to lower volume and higher export sales. SMGR reported total 2020 volumes of 38.8Mt, an eight per cent YoY drop. This was dragged down by domestic sales of 32Mt, down 13 per cent YoY, while export sales rose ... |
Solusi Bangun Indonesia reviews its capex after challenging 2Q2010 July 2020, Published under Cement NewsSemen Indonesia-owned Solusi Bangun Indonesia (SBI) is reviewing its capital expenditure plans for 2020 due to the coronavirus pandemic, according to Bisnis. "The current conditions are still very dynamic, which depends on the corona virus which is still ongoing. Many government projects, such as from the Ministry of Public Works and Public Housing (PUPR), have not been running because of it " the company’s President Director, Aulia Mulki Oemar, said. While the company had prepared a IDR50... |
Semen Indonesia volumes surge 44% in November18 December 2019, Published under Cement NewsSales volumes of the Semen Indonesia Group, including Thang Long Cement Co (TLCC) and former Holcim subsidiary, PT Solusi Bangun Indonesia (SBI), surged 44.2 per cent in November 2019 to 4.399Mt from 3.05Mt (before the group’s acquisition of SBI and therefore, not included in the group’s consolidated numbers), according to a company statement. Semen Indonesia, excluding TLCC and SBI, improved its sales volumes by 11.8 per cent YoY in November 2019 to 3.18Mt. A rise was particularly noted i... |
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