Jakarta - PT Semen Indonesia Tbk for the period January-September 2021 posted a profit for the period attributable to owners of the parent company of Rp1.38 trillion or a decrease of around 9.93% compared to the same period the previous year of Rp1.54 trillion.

The company financial report published Monday (1/11) revealed SMGR's revenue which decreased by around 1.14% to Rp25.33 trillion from Rp25.62 trillion, led to a decline in net profit.

However, SMGR managed to slow down the cost of revenue by around 2.82% to Rp17.88 trillion from Rp17.39 trillion.

Selling expenses also decreased by around 5.91% or from Rp2.09 trillion to Rp1.97 trillion.

Until September 2021, SMGR's total assets were at Rp76.60 trillion with liabilities of Rp35.741 trillion and equity of Rp39.086 trillion.