Semen Baturaja’s first semester net profits down

JAKARTA. Cement producer PT Semen Baturaja’s net profits declined 17.93 percent to Rp 122.21 billion during the first semester of 2013 from Rp 148.92 billion booked in the same period last year.

The company’s financial report also revealed a sales decline of nine percent to Rp 504.27 billion.

Asset-wise, the company booked a 110.92 percent increase to Rp 2.51 trillion.