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CORPORATE STRATEGIC - JAKARTA. PT Impack Pratama Industri Tbk (IMPC) has reported revenues of IDR 1.43 trillion and a net profit of IDR 267 billion for the first half of 2024.
In the second quarter alone, the company recorded a 6.8% year-on-year increase in revenue to IDR 690 billion. Meanwhile, IMPC's net profit rose by 28.6% to IDR 118 billion.
As the second half of the year approaches, IMPC management believes the biggest challenges facing the company are the weakening of the rupiah against the US dollar and consumer purchasing power. "Consumer purchasing power is a factor we cannot control. However, Impack is always diversifying its products through innovative products at affordable prices," explained IMPC CEO Haryanto Tjiptodihardjo in his statement on Wednesday (31/7).
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At the end of June, the company completed its acquisition of Mulford Holdings Pty Ltd, a renowned distributor of signage, plastic sheets, and fabrication in Australia and New Zealand. Through this acquisition, the company is expected to pocket an additional IDR 400 billion in revenue for this fiscal year.
He said IMPC management is committed to improving the operational efficiency of Mulford Holdings for the next five years. Through the synergy achieved, management also believes it can increase the company's net profit growth for the next five years, as well as export foreign exchange to Australia and New Zealand.
Clean Water Project for Remote Villages in Sulawesi
This project aims to provide access to clean water for communities in remote areas that have limited water resources for drinking, cooking, farming, and livestock.
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In collaboration with the Military Resort Command (Korem), IMPC is focusing its attention on the village of Mamasa in West Sulawesi, which lacks access to clean water. This village is located at a high elevation, while the water source is 600 meters lower.
With the installation of a ram pump that operates continuously without electricity and uses Alderon pipes for water distribution from the spring to the village of Mamasa, the community now has consistent access to clean water without having to travel long and rugged distances.
