News & Event

Consolidated Financial Statement of 31 March 2024

Karyawan Indocement di Kompleks Pabrik Tarjun

Overview for Q1 2024 Indocement Performance:

  • From ASI data, domestic cement market was stagnant in Q1 2024 from contraction in bag market -5.4% and growth in bulk market +14.9%. The new capital city construction remains to be the main growth driver for bulk demand.
  • Indocement recorded domestic sales volume (cement and clinker) at 4,479k ton or higher +4.1% than Q1 last year, mainly contributed from Semen Grobogan operation. But sales volume growth like-for-like without Semen Grobogan is -1.4% slightly lower than market.  
  • Overall export volume was 70k ton or declined -55.2%, the clinker export for Q1 2024 was mainly to Australia and Malaysia while Q1 last year there were shipments to Bangladesh and Brunei Darussalam.
  • Net Revenues was at IDR 4,082.6 bio or declined -3.8% due to lower consolidated price from increase in sales composition of bulk products (30.6% in Q1 2024 vs. Q1 2023 of 25.4%) and fighting brands.
  • Margin for EBITDA was at 16.8% or IDR 685.2 bio and Profit for the Period at 5.8% or IDR 238.0 bio.

Indocement's Consolidated Financial Statements as of March 31, 2024 (Unaudited) and December 31, 2023 (Audited) and for the three months ended March 31, 2024 and 2023 can be download here!

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

Press release regarding Q1 2024 Indocement Performance can be downloaded here!