SMGR booked an income of IDR 8.1 trillion in 1Q22 or up 0.7% YoY. Cement sales, as the biggest contributor of 84.2% of total revenues, grew 5.7% YoY, supported by domestic sales volume and ASP increase. Meanwhile, clinker sales fell by 25.7% to IDR 680.1 billion. At the beginning of the year, the cement industry was still facing high competition as well as fuel and energy cost fluctuation.
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