JAKARTA (Yosefardi) – State construction firm PT Adhi Karya Tbk (ADHI) targets to book new contracts of Rp25 trillion this year, but during first half period, the new contracts only reached Rp6 trillion.
The company targets the government’s projects, mainly insfrastructure, to achieve this year target of new contracts. It might consider to revise the target given the poor achievement so far.
ADHI also reported a 21.1% decline in net profit, to Rp55.5 billion for first half period, from Rp70.4 billion profit in the same period of 2015.