JAKARTA (Yosefardi) – State construction firm PT Adhi Karya Tbk (ADHI) revised up targets for net profit, revenue, new contracts, and capital expenditure (capex) this year following the improving growth in the first quarter of this year.
The company targets new contracts to grow by 23% to Rp18.7 trillion, from initial target of Rp15.2 trillion. As at April 2015, KLBF booked new contracts of Rp3.3 trillion.
Revenue is targeted to reach Rp13.8 trillion this year, compared initial target of Rp13.2 trillion. While net profit is targeted to increase 14.7% to Rp505 billion from previous target of Rp440 billion.
KLBF also increases its capex by 45.6% to Rp1.2 trillion from initial allocation of Rp824.7 billion.