JAKARTA (Yosefardi) – PT Nusantara Infrastructure Tbk (META) posted net profit of Rp170 billion in first half (H1) of 2016, jumped 45% from the same period of 2015.
Revenues and sales rose 25.6% to Rp324 billion, consisting of revenues from toll roads amounting Rp191 billion, leased property investment Rp114 billion, and clean water Rp17.9 billion.
Pondok-Aren toll road section contributed revenues of Rp95 billion, Tallo-Hasanuddin Airport toll section contribued Rp58 billion revenue, and Sokarno Hatta airport-Pettarani toll road section added revenues of Rp37.9 billion.
META’s cash receipt from operating activity surged 222% to Rp132 billion, but cash used for investing was negative of Rp472 billion, expanded from negative Rp225 billion a previous year.
META paid downpayment of Rp314 billion for purchasing property investment. While cash from financing surged 373% to Rp483 billion from earlier Rp102 billion.
The company obtained bank loan of Rp343 billion and loan from financial institution amounting Rp146 billion. META has strong cash of Rp780 billion.