JAKARTA (Yosefardi) – State construction firm PT Waskita Karya Tbk (WSKT) targets to book net profit of Rp650 billion this year. Its unit PT Waskita Realty is expected to book net profit of Rp250 billion this year.
In 2014, Waskita Realty is only targeted to book net profit of Rp28 billion. WSKT allocates 50% of its capex for this year (Rp2 trillion) to Waskita Realty.
It allocates 17% capex for toll road projects, 15% for precast business development, and 8% for construction projects.
At 10.35 am Jakarta time, WSKT fell 0.63% to Rp1,580 per share with over 27.9 million shares exchanged hands. The stock has gained 7.8% this month.