JAKARTA (Yosefardi) – State construction firm PT Wijaya Karya Tbk (WIKA) plans to issue medium term notes (MTN) worth Rp500-600 billion in second half of this year, used to funds its business expansion and long term investment.
The company has appointed Mandiri Sekuritas as financial advisor for the MTN issue.
WIKA booked net profit of Rp348 billion in first half of 2014, grew by 9.9% from Rp317 billion in the corresponding period of last year. Net revenues increased 10.8% to Rp5.85 trillion from previous Rp5.28 trillion.