News & Event

Consolidated Financial Statement 30 June 2023

Overview Financial Result For Q2 2023:

  • Domestic cement market in H1 2023 weakened -4.9% YoY from combination of pressure in bag market -7.9% and growth in bulk market +4.1%
  • Indocement recorded domestic cement (all products) sales volume at 8,061k ton or +7.2% YoY, the growth was mainly contributed from our newly Maros operation. Export was at 299k ton or +81.4% YoY mostly from clinker shipments to Bangladesh and Brunei 
  • Overall market share increased from 24.7% to 27.4%, substantial gain of outside Java market share from 14.5% to 20.6% while relatively stable for overall Java at 33.9%
  • Net Revenues grew +15.3% YoY to IDR 7,970 bio from higher volume and price
  • Increase in Cost of Revenues of +7.7% YoY was in line with higher sales volume, mainly contributed from increase in raw material and manufacturing overhead costs, with partial offset from lower energy cost (DMO coal) 
  • Margin improvement both in Gross Profit from 25.6% to 30.5% and EBITDA from 13.3% to 18.7%

Indocement's Consolidated Financial Statements as of June 30, 2023 can be downloaded here!

For another Indocement Financial Reports can be seen at this link!

Press release of Indocement Q2 2023 Result can be downloaded here!