First Half Results of Semen Indonesia

State cement producer Semen Indonesia (SMGR) booked profit attributable to owners of Rp828.76 billion in the first half (H1) of 2022, grew 4.28% year on year (y/y), helped by lower costs. Revenues actually declined 2.46% y/y to Rp15.87 trillion, and gross profit fell 6.38% y/y to Rp4.41 trillion.

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