News & Event

Indocement Financial Result of 2020

The following is a summary of Indocement's 2020 financial results, namely:

  • With a larger volume decline in the domestic cement market of -10.4% vs. Indocement of -9.1%, the Company has successfully closed the year 2020 with an increase in market share from 25.5% in 2019 to 25.8%.
  • Indicators such as Gross Profit, EBITDA including Profit for the Year over Revenues (%) improve due to significant cost savings in Cost of Revenues including Operating Expenses.
  • After the dividend distribution of IDR 500/share decided in the Annual General Share Holder Meeting in July 2020 (FY2019) and from Interim dividend (FY2020) of IDR 225/share in November 2020, the Company managed to maintain its strong Balance Sheet position with Cash and Cash Equivalents of IDR 7.7 trillion.

The full press release can be downloaded here!