News & Event

Overview for YTD September 2024:

• From ASI data, domestic cement market grows +1.6% from combination of contraction in bag market of -2.0% and growth in bulk market of +10.9%.
• Bulk cement composition reaches 30.7% vs. 28.1% last year, the construction of new capital city remains to be the main driver. 
• Indocement recorded domestic (cement and clinker) volume of 14,550 thousand tons up to September 2024, +9.4% higher from the same period last year mainly contributed from Semen Grobogan Factory. Total exports were 189 thousand tons or down -57.6%.
• Our domestic cement market share for YTD September 2024 is 29.7% with Java 37.8% and outside Java 21.1%.
• Raised price of bag products around June and August/September with total YTD increase about 3% to 4%.
• Net Revenues is at IDR 13,320.7 billion, +3.0% higher mainly due to addition of Semen Grobogan sales.
• Cost of Revenues increase +4.5% to IDR 9,237.7 billion from higher volume and additional overhead costs in Maros and Grobogan.
• Margin for EBITDA is at 19.0% or IDR 2,531.6 billion and Profit for the Period at 7.9% or IDR 1,055.9 billion.
• Current share buyback program up to IDR 895 billion (including fees, etc.) will end on December 31, 2024, so far the spending is about 50%. 

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

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

Press release related to Indocement's Q3 Performance can be downloaded here!