Cement producer Indocement Tunggal Prakarsa (INTP) booked a net profit of Rp400.43 billion in the first quarter (Q1) of 2020, up 0.9% year on year, supported by a jump in other income and lower tax expenses. Its revenue declined 9.91% to Rp3.36 trillion from Rp3.73 trillion in Q1 of 2019. But the cost of goods sold also fell 10.54% to Rp2.9 trillion, and gross profit declined 8.52% to Rp1.06 trillion. 

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