JAKARTA – PT Indocement Tunggal Prakarsa Tbk (INTP) recorded a 2.96% year-on-year (yoy) increase in net profit for 2024, reaching IDR 2 trillion.

According to its latest financial report, INTP’s net profit growth aligns with its revenue performance, which reached IDR 18.54 trillion, a 7% increase from the previous year.

INTP’s revenue was driven by cement sales to third parties, which amounted to IDR 16.71 trillion, up 3.21% year-on-year. Meanwhile, INTP’s ready-mix concrete sales grew by 14.71% to IDR 1.56 trillion.

As previously reported by IDNFinancials.com, INTP sold 18.9 million tonnes of cement in 2024, an increase of 8.4% from sales in 2023.

Christian Kartawijaya, President Director of INTP, revealed that this sales volume growth was supported by the acquisition of Semen Grobogan.

“Our sales volume grew very well, partly due to the acquisition (of Semen Grobogan),” said Christian Kartawijaya during the "Meet The CEO" event, a special interview programme by IDNFinancials.com in collaboration with Suara.com, on Wednesday (12/3).

For a more detailed look into INTP’s strategy, watch the following video. (DK/KR/ZH)