PT Intraco Penta Tbk (INTA) recorded operating revenues of IDR 251.58 billion by the end of the first quarter of 2023. This number increased by 49.33% on an annual basis or year on year (YoY) compared to INTA's operating income in the first quarter of 2022 of IDR 168.47 billion.

Based on financial reports on the Indonesia Stock Exchange (IDX), INTA's business revenue in the first quarter of 2023 was dominated by sales of heavy equipment and spare parts, amounting to Rp 221.51 billion. INTA also has operating revenues from the rental and repair services segment of Rp 28.35 billion and manufacturing of Rp 1.72 billion.

At the same time, INTA's cost of revenue rose 47.27% YoY to IDR 196.22 billion in the first quarter of 2023. Whereas in the same period the previous year, INTA's cost of revenue was recorded at IDR 133.24 billion. INTA's selling expenses also increased 9.57% YoY to IDR 16.94 billion in the first quarter of 2023, compared to selling expenses in the first quarter of 2022 of IDR 15.46 billion.

On the other hand, INTA's general and administrative expenses fell 26.69% YoY from IDR 15.46 billion in the first quarter of 2022 to IDR 14.53 billion in the first quarter of 2023. In three quarters of money, INTA's financial expenses were also cut by 34.20% YoY from IDR 32.69 billion in the first quarter of 2022 to IDR 21.51 billion in the first quarter of 2023. INTA managed to record a net profit for the period attributable to owners of the parent entity of IDR 6.96 billion in the first quarter of 2023. In fact, in the first quarter of 2022 the company suffered a net loss of IDR 25.09 billion.

Until the end of the first quarter of 2023, INTA's total assets reached IDR 2.22 trillion, an increase of 1.37% compared to the company's total assets at the end of 2022 of IDR 2.19 trillion. INTA has total liabilities of IDR 4.08 trillion at the end of the first quarter of 2023. On the other hand, this issuer is still experiencing a capital deficiency of IDR 1.86 trillion.

Source: https://industri.kontan.co.id/news/intraco-penta-inta-raup-pendapatan-usaha-rp-25158-miliar-pada-kuartal-i-2023