News & Event

Overview Indocement Financial Result For H1 2024

• Indocement domestic cement market share was at 29.4% with Java 37.7% and outside Java 20.5%.
• From ASI data, domestic cement market grew +2.2% in H1 2024 from contraction in bag market -1.9% and growth in bulk market +13.2%.
• Bulk composition from overall domestic volume reaches 30.2% vs. 27.3% H1 last year. The new capital city construction remains to be the main growth driver for bulk demand.
• Indocement recorded domestic sales volume (cement and clinker) at 8,869 ton or higher by +10.0% than H1 last year, mainly contributed from Semen Grobogan. Overall export was 163k ton or declined -45.6%.
• Dividends of IDR 90/share distributed in June 2024, a payout ratio of 15.8%.
• Starting to increase bag price about 1%–2% in June as first step for now, although it was only enough to cover higher input costs from rising USD exchange rate. 
• Net Revenues was at IDR8,124.7 bio or 1.9% higher from increase of Semen Grobogan location sales.
• Cost of Revenues increased +5.2% to IDR5,826.4 bio from higher raw material and energy costs.
• Margin for EBITDA was at 16.4% or IDR1,332.5 bio and Profit for the Period at 5.4% or IDR434.7 bio.
• Current share buyback program up to IDR895 billion (including fees, etc.) will end on 31 December 2024.

Indocement's Consolidated Financial Statements as of June 30, 2024 can be downloaded here!

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

Press release of Indocement Financial Result For H1 2024 can be downloaded here!