Cement producer Semen Baturaja (SMBR) suffered a loss of Rp112.6 billion in the first 9M of 2020, against a profit of Rp22.7 billion in the same period of 2019 as revenue fell 19% to Rp1.15 trillion from the previous Rp1.42 trillion. It only booked an operating profit of Rp42.8 billion in the said period, compared to Rp171 billion a year earlier. SMBR’s current production capacity utilization reaches 3.8 million tons, targeted to reach 50% within the next five years. The Company opts to export its product this year as the global demand was declining.
To subscribe please click here