News & Event

Overview of Indocement Financial Result Q3-2022

• Indocement recorded 9.9% net revenue growth for Q3/2022, from IDR 10,608.7bio of Q3/2021 to IDR 11,660.9bio. 
• Thrice price increase this year in March, June, and September/October boosted net revenue. 
• High energy cost remained due to high coal price. Portion of energy cost reached approximately 50% of total production. However, in Q3, Indocement has successfully decreased energy cost by 7.0% from previous quarter.  
• EBITDA margin improved from 13.3% in H1/2022 to 17.5% for YTD Q3 2022, though lower from same period last year of 22.3%. On QoQ, EBITDA margin in Q2 was 12.7% and improved to 23.6% in Q3.
• Tarjun Factory has operated more efficient and greener. In August 2022, PLN has started to supply electricity (50Mw) to Tarjun Factory replacing the coal fired-power plant.
• Expanding market footprint in eastern Indonesia after Indocement entered lease agreement with Semen Bosowa to fully lease and takeover the operation of Semen Maros Factory and other several related cement terminals. 
• Shares buyback program since December 2021 has collected IDR 2.72tr (6.7% of total shares) up to September 2022.

Press release of Indocement Q32-2022 Result can bed donwload here!

Consolidated Financial Report as of 30 September 2022 (Unaudited) and 31 December 2021 (Audited) of the Company can be downloaded here!

Other periods of Indocement Consolidated Financial Reports for can be seen here!