Holcim Indonesia (SMCB) booked net profit of Rp952 billion last year, dropped almost 30% from 2012 on weaker margins. Holcim is the worst performer in cement business as market leader Semen Indonesia (SMGR) posted 10.8% growth in net profit with sales revenue growth of 25%, almost tripled Holcim’s growth. They have some similarities though, which might set the tone for the industry going forward.

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