Growing Significantly in the Third Quarter – 2023, Semen Baturaja’s Net Profit Soars by 25%

JAKARTA – In the midst of the condition of the national cement industry which is still experiencing contraction, PT Semen Baturaja Tbk (SMBR) as a subsidiary of PT Semen Indonesia (Persero) Tbk (SIG), was able to record positive performance in the third quarter of 2023. These results were presented directly at the Public Expose event ( Pubex) SMBR 2023 which will be held in a hybrid manner on Tuesday (24/10) at the Bidakara Hotel, Jakarta, as well as live streaming via the Ms Teams platform.

On this occasion, the presentation was delivered directly by the Main Director of SMBR Daconi Khotob who was accompanied by the Director of Finance & HR Functions Rahmat Hidayat, Director of Operations Functions Suherman Yahya and Vice President of Corporate Secretary Basthony Santri.

Daconi said that by the end of September 2023, SMBR had managed to record an increase in revenue of 1.45 trillion or an increase of 10% compared to the same period last year. This income was driven by cement sales of IDR 1.42 trillion, plus White Clay sales of IDR 27.62 billion, which grew 13% from the same period last year.

“This encouraged an increase in net profit which grew significantly to Rp. 53.96 billion or an increase of 25% compared to the same period last year. “The increasing net profit was also supported by a decrease in interest expenses as a result of refinancing bank debt and accelerating principal payments on syndicated credit loans,” said Daconi during his presentation.

SMBR also applies the principles of sustainable development through operational efficiency and emission reduction programs, including implementing Total Productive Maintenance (TPM), holding the SMBR Innovation Award competition, and Refreshing Mining K3. This proves that by September 2023, SMBR has succeeded in reducing the intensity of carbon emissions (scope 1) down to 0.572 Ton CO2/t cem eq, realization in 2022 (0.588 Ton CO2/t cem eq) and an increase in the thermal substitution rate reaching 3.57%, in on the realization in 2022.

In terms of Social & Environmental Responsibility (TJSL), the realization of TJSL Program Fund Distribution until September 2023 reached IDR. 2.68 billion, up 61% from the same period in the previous year. Some of the TJSL programs that have been realized include training through Rumah BUMN Baturaja, MSME Exhibitions in Jakarta and Palembang as well as distribution of aid to the community and government.(*)