Bisnis.com, JAKARTA - Manufacturer and distributor of building materials and plastic goods PT Impack Pratama Industri Tbk (IMPC) earned a net profit of IDR 57 billion in the third quarter of 2020 or grew 147.8 percent compared to the same quarter last year of IDR 23 billion."We are grateful because the company was able to record a positive performance in the midst of this pandemic situation and we were able to pass the third quarter of 2020 well by recording increased sales," said President Director of PT Impack Pratama Industri Tbk Haryanto Tjiptodihardjo in a statement in Jakarta, Thursday (22/10). /2020).IMPC posted sales of IDR 465 billion in the third quarter of 2020, up 27 percent compared to the same period the previous year.Haryanto said that the financial condition so far is still relatively good, with the consolidated cash position at the end of September at Rp286 billion."We were also given an idA rating – with a stable outlook from Pefindo during the annual bond rating review in September 2020," he said as quoted by ANTAM.The company will also distribute an interim dividend of Rp10 per share this November and has been approved by the company's board of directors and board of commissioners.At the Annual General Meeting of Shareholders (AGMS) on June 29, 2020, the company did not distribute dividends to maintain the balance sheet of capital strength and cash flow at that time.He added that several new breakthroughs made by the company until September this year were the launch of two new product variants, namely Ecolite, an environmentally friendly pet roof made from recycled Pet bottles and Aquatuff, a water proofing coating for roof or walls."Hopefully with all these breakthroughs and hard work, the company can meet the sales target for the fourth quarter of 2020 at least the same as the third quarter of 2020, where in general the fourth quarter is the company's highest sales period," said Haryanto.Impack Pratama Industri started its business activities in the chemical industry, especially in the downstream plastic (polymer) manufacturing segment by producing polypropylene twinwall sheet, which is a thermoplastic polymer product used as a component to support daily needs as well as a product with the Impraboard brand.By producing these two products, Impack Pratama Industri is the only polypropylene twinwall sheet producer in Southeast Asia.The Company's business journey was marked by the presence of various polymer product innovations as well as the acquisition of several strategic polymer manufacturers that gave birth to products, such as Vinyl Compound and sealants, vinyl sheets, aluminum composite panels, uPVC, and twinwall polycarbonate for building material needs.Check other News and Articles on Google NewsCheck out other news about the topic of this article, here:Join and get analysis of economic and business information via your email.