Aggressive marketing from new players have likely hurt old players. Combined sales revenue of four cement companies listed on Indonesia Stock Exchange (IDX) inched up 1.5% only to Rp38.95 trillion in the first nine months of 2017. Their combined net profit also crashed 61.8% to Rp2.3 trillion where Holcim Indonesia’s loss expanded by 305% to Rp648 billion.To subscribe please click here