JAKARTA. PT Mitra Pack Tbk (PTMP) recorded sales of IDR 32.7 billion in the first quarter of 2023, shifting 4.3% year-on-year (yoy) down from the position seen in the same quarter last year.

According to the recently released financial report, most of PTMP’s sales in Q1 2023 came from spare part sales that contributed IDR 23.38 billion to the revenue. Meanwhile, machine sales dropped 48% yoy to IDR 3.9 billion, while lease generated IDR 240 million, and engineering brought in IDR 169 billion.

The decline of PTMP’s sales supressed its net profit, resulting in 47% yoy correction to IDR 2.93 billion. In the same quarter last year, the net profit was recorded at IDR 5.59 billion.

Until March 31, 2023, PTMP possessed total assets worth IDR 221.06 billion, cash and bank of IDR 9.6 billion, and total equity of IDR 165.66 billion. (KR/ZH)