JAKARTA (Yosefardi) – State cement maker PT Semen Indonesia Tbk (SMGR) allocates its capital expenditure (capex) of Rp5-6 trillion for 2014, compared to Rp3 trillion this year, Bisnis Indonesia reported this morning.
The company plans to expand its business and boost the production capacity of its cement mills. It allocates Rp2 trillion for cement mill construction in Rembang (East Java) and Padang (West Sumatra), Rp500 billion to Rp1 trillion for packaging plant, Rp1 trillion for working capital, and Rp1-2 trillion for other business expansion projects.
The company also allocates Rp2 trillion for building cement mill in Myanmar.
SMGR recorded revenue of Rp17.39 trillion in first nine months of this year, grew by 27% from Rp13.67 trillion in the same period of last year. Net profit was Rp3.89 trillion, a 14% growth compared to Rp3.41 trillion a year earlier.
Its assets totaled Rp27.77 trillion while liability amounted Rp7.96 trillion. The company has cash and cash equivalent of Rp2.28 trillion.