JAKARTA (Yosefardi) – PT Humpuss Intermoda Transportation Tbk (HITS) plans to sell 40-51% stake in its unit, PT Humpuss Transportasi Curah (HTC) by end of this year, expects to raise US$15 million, equivalent Rp180 billion.
The company opts to focus on trasporting cement products, instead of coal which is on declining. HITS allocates US$315 million, or Rp3.7 trillion, for investment next year, 80% will funded by bank loans, mainly in liquid natural gas (LNG) sector.
HITS targets to book revenue of US$100 million in 2015, a 24.5% rise compared to this year’s US$75.5 million. While net profit is expected to grow by 25% to US$4.4 million from US$3.3 million expected for this year.