PT Semen Indonesia Tbk (SMGR) posted a net profit of Rp 2.58 trillion, up 22.9 percent from the same period in 2012.
Dwi Soetjipto, Semen Indonesia President Director, said the company’s net profit growth driven by revenue growth by 31.9 percent to Rp 11.4 trillion a year earlier in 2012 amounted to Rp 8.6 trillion.
According to Dwi, total revenue was supported by the cement sales volume stood at 12.23 million tons, an increase of 18.3 percent over the same period last year amounted to 10.32 million tonnes, which consists of domestic sales volume amounted to 12.14 million tons (up 18.0 percent) and export sales of 0.09 million tonnes (up 170 percent).
Growth that exceeded the national cement sales volumes (industry) which grew 7.5 percent in the first half of 2013 to 27.83 million tons from 25.89 million tons.
“The increase in sales is outpacing the growth of the Indonesian Cement industry plant operations supported by Tonasa Tuban IV and V, so that we are able domestic market share increased to 43.6 percent from 40.9 percent last year.” Said dwi.
Most of the company’s revenue comes from the domestic market amounted to Rp 10.91 trillion, equivalent to 95.53 percent of total revenue in the first half of this year, an increase of 26.42 percent compared to the sales in the same period last year of Rp 8, 63 trillion.
Of the domestic market, the composition of the Indonesian Cement revenues derived from customers in Java and outside Java almost equal. In the first half of 2013, the Java market accounted for revenue of Rp 5.72 trillion (52.43 percent of total domestic sales).
While consumers outside of Java contribute to revenue of Rp 5.19 trillion or 47.57 percent of total domestic sales.
In addition to maintaining dominance in the domestic market, Indonesian Cement continues to boost sales to foreign markets, especially countries in Southeast Asia.
From January to June this year, Indonesian Cement has achieved record revenues in foreign markets amounted to Rp 511.64 billion. This number jumped nearly 170 percent compared to overseas sales in the first half of last