News & Event

Consolidated Financial Statement of 31 March 2023

Overview Financial Result For Q1 2023:

  • Overall cement market in Q1 2023 weakened -6.5% YoY driven by continuing pressure of bag market -9.3% while bulk market grew +2.1%. 
  • Indocement recorded domestic cement sales volume at 4,303k ton or +6.6% YoY due to consolidated volume from Maros Plant, South Sulawesi. This factory is leased from PT Semen Bosowa Maros for three years starting September 2022.
  • Substantial gain of outside Java market share from 14.8% to 21.2%
  • Net Revenues grew +19.3% YoY to IDR 4,245.7 bio from both higher volume and price
  • Margin recovery in Gross Profit from 27.0% to 30.1% and EBITDA from 13.8% to 18.2%

Indocement's Consolidated Financial Statements as of March 31, 2023 (Unaudited) and December 31, 2022 (Audited) and for the three months ended March 31, 2023 and 2022 can be download here!

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

Press release of Indocement Q1 2023 Result can be downloaded here!