Wednesday, March 13, 2013

Domestic INTP Sales Rise but Exports Sag

PT Indocement Tunggal Prakarsa Tbk (INTP) managed to hoist the cement sales last year by 12% compared to the year 2011. This increase was mainly contributed by the increase in domestic sales, while the exports fell 84.5%.

Throughout 2012, INTP sold 17.98 million tonnes. Cement sales to the local market increased 16.1% compared to the year 2011. This figure is also higher than the national cement market growth of only 14.5%. Therefore, Indocement controls 32% market share of cement in 2012.

However, exports of cement INTP actually dropped 84.5%, from 613 000 tonnes in 2011 to 95,000 tons in 2012. "Because Indocement more focus to meet high domestic demand," the company wrote in a public expose in the disclosure of material information exchange.

INTP posted revenue of Rp 17.29 trillion, up 24.5% from the year 2011 which only reached Rp 13.88 trillion. In addition due to increased sales volume, growth was also driven by higher selling prices of cement an average of 7% in 2012.

Along with that, the cost of revenues recorded INTP 21% higher than in 2011. The increase is one of them contributed to higher energy costs. INTP's operating expenses also rose 21% due to logistics costs driven by increased sales volume and transportation volume.

Even so, INTP still obtain additional other operating income, Rp 32 billion. This is an INTP income received from the World Bank over the certified emission reduction units (Certified Emission Reduction units / CER). Thus, INTP net profit in 2012 amounted to Rp 4.76 trillion, up 32.2% from a year earlier. (Kontan)

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