News & Event

Consolidated Financial Statement 30 September 2023

Kompleks Pabrik Tarjun Indocement

Overview financial result for YTD Q3 2023:

  • The domestic bulk cement market grew by +8.3%, but bagged cement market had a negative growth of -3.7%. Therefore, the overall growth of domestic cement consumption weakened by -0.6%.
  • Indocement recorded domestic sales volume (cement and clinker) at 13,294k ton or +7.1%, the growth was mainly contributed from Maros operation. Export grew to 445k ton or +61.7% mostly from clinker shipments to Bangladesh and Brunei Darussalam with further expansion to Australia and Philippines
  • Our overall domestic market share was at 27.6% with Java 34.1% and outside Java 20.8%
  • Net Revenues grew +10.9% to IDR 12,927.7bio from higher volume +8.3% and consolidated price +2.4% 
  • Increase in Cost of Revenues +7.6% lined up with higher sales volume with some offset from lower energy cost (DMO coal) 
  • Margin recovery in Gross Profit from 29.5% to 31.6% and EBITDA from 17.5% to 19.6%
  • Indocement signed a Conditional Purchase Agreement to acquire 100% shares of PT Semen Grobogan with closing expected by 30 November 2023 and effective takeover on 1 December 202

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

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

Press release regarding to Q3 2023 Indocement performance can be downloaded here!