News & Event

OVERVIEW FINANCIAL RESULT FOR FY 2021

Overview Financial Result For Full Year 2021, namely:

• National domestic cement market grew by +4.3% in 2021 with bag cement market of +4.7% and bulk cement market of +3.2% while Indocement domestic sales grew by +2.2% with bag of +3.0% and bulk of -0.6%. Our market share for 2021 was 25.4%.
• The significant increase in coal price lead to a high increase in production costs for all cement players.
• Use of alternative fuels was raised to 12.2% in 2021.
• In Q4 2021, we increased the selling price of bag cement in most areas of our strong market around 6-8%.
• Ongoing automation projects in plants and digitalization to support sales and distribution.
• Strong Cash position of IDR 6.1tr with ‘zero debt’ as of December 31, 2021.
• The total of share buyback in December 2021 was IDR 1.58 trillion. The maximum amount for the buyback is IDR 3 trillion and the period is extended until 6 June 2022.

Press release regarding consolidated Financial Report as of 30 September 2021 (Unaudited) and 31 December 2020 (Audited) of the Company can be donwload here!

Indocement Consolidated Financial Statement 31 December 2021 and 2020 can be downloaded here!

Others Indocement Consolidated Financial Reports for can be seen here!