JAKARTA - Even though PT Indocement Tunggal Perkasa Tbk (INTP)'s revenue grew 2%, this issuer's profit performance fell 37.75% in the first semester of 2024 from the same period last year.

In the 2024 Semester I Financial Report quoted Monday (12/8), Christian Kartawijaya, President Director of INTP said that revenue grew to IDR 8.12 trillion from the same period in 2023 of IDR 7.97 trillion. Gross profit IDR 2.29 trillion, down 5.47% from IDR 2.43 trillion and gross profit margin 28.28%, down from 30.50%.

This Index52 constituent issuer pocketed a net profit of IDR 434.70 billion, down 37.75% from IDR 698.43 billion. And, profit per share was IDR 126.93 billion, down from IDR 203.56 per share.

In the first semester of 2024, the Cement product segment contributed sales of IDR 7.44 trillion, Ready-Mix Concrete IDR 652.93 billion, and Mining Aggregate IDR 26.35 billion. In the same period in 2023, cement products contributed revenue of IDR 7.30 trillion, ready-mix concrete IDR 626.81 billion, and mining aggregate IDR 35.94 billion. (LK/LM)