Semen Indonesia Reclaimed 329.3 Hectares of Former Limestone Mine

Gratisun.site - Semen Indonesia Group reclaims its former limestone mining land into forest areas as a form of corporate responsibility in maintaining environmental sustainability.

One of them is at the Tuban Factory site, where until February 2022 SIG has reclaimed an area of 329.30 hectares.

The company, with the stock code SMGR, reclaimed the forest area by planting 496,058 trees, including teak, johor, mahogany, sengon, flamboyant, kesambi, juwet to trembesi trees.

"We always stick to the implementation of good mining practices and in line with environmental preservation for sustainable living," said Semen Indonesia Corporate Secretary Vita Mahreyni in a press statement, Thursday (24/3/2022).

The implementation of reclamation in the former mining area, according to Vita, is carried out in a planned manner, starting from the pre-mining stage, along the stages of the mining business to organize, restore, and improve the quality of the environment and ecosystem in order to function again according to its designation.

Not only building its own "reclaimed forest", SIG called Vita has also handed over 999 tree seedlings to the Nusantara Nature Conservation Foundation.

This step of giving seeds is one of the efforts to preserve nature and restoration in Long Duhung Village which is the Wehea-Kelay Essential Ecosystem Area.

"The types of trees we handed over include durian, rambutan, avocado, meranti and ulin plants. Furthermore, these seeds will be planted in Long Duhung Village, Kelay District, Berau, East Kalimantan," said Vita.

This seeding program, according to Vita, is in line with the commitment to prioritize sustainable development or Sustainable Development Goals (SDGs) in carrying out company operations.

"For GIS, sustainability is the future that must be realized from now on," vita said.

Regarding the financial performance of SMGR and its subsidiaries posted a net profit of Rp2.02 trillion throughout 2021. This figure is lower -27.61 percent compared to the achievement of SMGR in 2020 of Rp2.79 trillion.

The Company also posted revenues of Rp34.95 trillion during the year ended December 31, 2021, or a decrease of -0.60 percent compared to 2020 revenue of Rp35.17 trillion.

Cement sales volume is still a support for the company's revenue of Rp28.54 trillion, still lower than in 2020 of Rp 29.02 trillion.

A number of other posts that contribute to SMGR's revenue are slag sales of Rp3.19 trillion, finished and ready-made concrete rp1.76 trillion, cement bags Rp128.7 billion, land rentals Rp35.03 billion, industrial estate land Rp58.91 billion, mining services Rp16.70 billion, and others Rp1.21 trillion.

SMGR's cost of revenue swelled 2.81 percent to Rp24 trillion, from Rp23.3 trillion previously. A number of increased expenses include the use of raw materials Rp1.64 trillion, fuel and energy manufacturing expenses Rp8.59 trillion, rent Rp95.39 billion.

As a result, the company's profit per share slumped to Rp341, from Rp471 previously.