INTP – Corporate strategy amid weak 1Q25 performance

INTP – Corporate strategy amid weak 1Q25 performance Indocement Tunggal Prakarsa (INTP) reported a performance decline in 1Q25. Domestic sales volume fell 4.2% yoy to 4.29mn tonne (prev: 4.48mn tonne) It probably driven by seasonal factors such as heavy rainfall in early 2025 and reduced activity during Ramadhan and the Eid holidays. As a result, revenue dropped 2.6% yoy to IDR3.98 tn, while net profit declined 11.5% yoy to IDR211.0 bn. Despite the soft start, the company remains optimistic for the rest of FY25, supported by government initiatives such as the 3mn housing construction program and school renovation efforts. Internally, INTP will focus on tightening cost controls and accelerating the digitalization of its production and sales processes. (Source : Kontan)