JAKARTA (Yosefardi) – State toll road operator PT Jasa Marga Tbk (JSMR) allocates capital expenditure (capex) of Rp4 trillion for 2015, funded by internal cash (Rp3 trillion) and bank loan (Rp1 trillion).
The capex will be mostly used for funding some new toll road projects. The expansion for non core business would be the property sector with investment cost of Rp100-200 billion.
JSMR targets to book revenue of Rp8 trillion in 2015, out of revenue from construction. The company plans to operate 4 toll road sections next year; Gempol-Pasuruan, Gempol-Rembang, Gempol-Pandaan, Surabaya-Mojokerto Section IV.
JSMR mulls to seek loan of Rp2.8 trillion in first quarter of 2015, used to fund toll construction project for Medan-Kualanamu-Tebing Tinggi section. This 60 km toll project costs Rp4 trillion.
JSMR booked net profit of Rp1.03 trillion in first nine months of 2014, grew by 6% from Rp969 billion in the same period of 2013. While Revenues declined 5.9% to Rp6.67 trillion from previous Rp7.1 trillion.