CMNT one of the leading cement producers in Indonesia, has maintained its idA- rating with a stable outlook from PT Pemeringkat Efek Indonesia (PEFINDO)

Cemindo Gemilang's Q3 Sales Surge: Cement Industry Prospects Brighten with Government Support for Housing and Infrastructure Sectors

The cement industry continues to grapple with significant challenges amidst a landscape marked by global volatility. The first half of 2024 saw a convergence of factors—including escalating Middle Eastern conflicts, stringent global monetary policies, and fluctuated coal prices—that placed substantial pressure on the sector.

PT Cemindo Gemilang Tbk (CMNT) held an Annual General Meeting of Shareholders (AGMS) for the 2023 Financial Year.

2023 Highlights: • CMNT became the third largest cement player in Indonesia by the end of 2023 • Revenues and EBITDA were relatively stable at IDR 9.6 trillion and IDR 1.8 trillion respectively • Reversal of net loss to net profit of IDR 159 billion

PT Cemindo Gemilang Tbk (“Cemindo”) announced its Audited FY 2022 Consolidated Financial Statement with the following key achievements: Revenue recorded at IDR9,687 billion, Cost of Sales at IDR7,163 billion, Operating profit at IDR1,060 billion, EBITDA at IDR1,827 billion