PT Indocement - August 2019

PT Indocement saw its total sales volumes increase by 0.7 per cent YoY to 8.4Mt in the first half of 2019. Although domestic sales remained largely unchanged, export volumes jumped by 190 per cent YoY from 29,000t in the 1H18 to 84,000t in the same period this year. Consolidated net revenue for the company improved by 7.7 per cent YoY in the 1H19 to IDR6982bn (US$489.7m), while EBITDA grew by 34.5 per cent to IDR1178.2bn. The EBITDA margin, meanwhile, advanced from 13.5 to 16.9 per cent. 

Over the same period, gross profit increased by 26.1 per cent to IDR2142.6bn, while operating income leapt by 131.7 per cent from IDR254.7bn to IDR590.2bn. Average selling prices over the six-month period were up by 6.9 per cent YoY, and fuel and power costs per tonne declined by 10 per cent.