The Bets Over Semen Indonesia (SMGR) Amid the Public Housing Program

The Bets Over Semen Indonesia (SMGR) Amid the Public Housing Program

Most recently, the company expanded into a new business line aimed at capturing opportunities presented by the government’s 3 million homes program.

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Jumat, 30 Mei 2025 | 06:00

Bisnis.com, JAKARTA—President Prabowo Subianto’s continued push for the 3 million homes program has emerged as a positive catalyst for domestic cement producers, including PT Semen Indonesia Tbk. (SMGR), to improve their performance this year.

However, despite the supportive policy backdrop, SMGR’s net profit in Q1/2025 plunged by 90.98% year-on-year (YoY) to IDR42.58 billion.

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