JAKARTA (Yosefardi) – Industrial estate developer PT Bekasi Fajar Industrial Estate Tbk (BEST) has revised down its earning target for this year along with the further rupiah depreciation against the US dollar.
BEST revised its sales target Rp800 billion for this year, from initial target of Rp1 trillion, but the company will maintain its net profit margin at above 50% of sales.
In 2014, BEST booked net profit of Rp390.96 billion on sales of Rp839.64 billion.
The company allocates capital expenditure (capex) of Rp500 billion for this year. It also plans to issue global bond worth Sin$135 million or Rp1.26 trillion in Singapore.