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News Semen Indonesia focuses on domestic market in first half of 2022

Semen Indonesia focuses on domestic market in first half of 2022

Written by Global Cement staff 05 September 2022
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Indonesia: Semen Indonesia Group has focused on the domestic cement market in the first half of 2022 due to the better availability of coal supplies. Its revenue fell by 2.1% year-on-year to US$1.07bn in the first half of 2022 from US$1.09bn in the same period in 2021. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) remained stable at US$237m. Overall sales volumes of cement dropped by 12% to 17Mt from 19.3Mt. However, domestic sales volumes fell by 2.6% to 14Mt but overseas sales fell by 39% to 3Mt. The group also raised its prices twice in the reporting period to further shore up revenue.

Last modified on 07 September 2022
Published in Global Cement News
Tagged under
  • Indonesia
  • Semen Indonesia
  • Results
  • Coal
  • GCW573

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