JAKARTA (Yosefardi) – State cement maker PT Semen Baturaja Tbk (SMBR) booked net profit of Rp75.64 billion in first quarter (Q1) of this year, jumped 59.6% from Rp47.62 billion in the same period of last year.
Net sales grew by 27.9% to Rp284.27 billion from previous Rp222.55 billion. Cost of goods sold also increased 47% to Rp198.29 billion from earlier Rp135.59 billion.
Its assets was flat at Rp2.17 trillion while liability amounted Rp310 billion. It has huge cash of Rp1.93 trillion.