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INTP – Domestic Sales Slightly Depressed

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Arief Machrus
Arief Machrus
Economist - Macroeconomics
Arief Machrus
Latest posts by Arief Machrus (see all)
  • AMRT – Outlet Expansion Outside Java - June 16, 2022
  • CTRA – Solid Upper Middle Segment - June 14, 2022
  • INTP – Domestic Sales Slightly Depressed - June 10, 2022

Throughout 1Q22, INTP’s revenue edged up 3.5% YoY, but profit fell to 48.0% YoY. The cost efficiency along with the use of alternative fuels and LCV have not been able to replace the 84% share of fossil fuels as of 1Q22. In order to strengthen its performance, INTP targets the alternative fuel portion to reach 25% in 2025. Meanwhile, total sales volume in 1Q22 fell by 3.4% YoY.

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