JAKARTA (Yosefardi) – PT Nusa Konstruksi Enjiniring Tbk (DGIK) plans to expand to Saudi Arabia this year as it had set a joint venture company, PT Duta Graha Arabindo, with Gulf Power Arabia.
DGIK holds 49% interest in the joint venture, to work on infrastructure projects there.
The company targets its revenue to grow by 10-20% to Rp1.6-1.7 trillion this year while net profit is expected to grow by 4-5% to Rp159-174 billion.
As of May this year, DGIK booked new contracts of Rp1.2 trillion. While carry over contracts is Rp2.2 trillion. In first quarter of this year, DGIK booked net profit of Rp58 billion on revenues of Rp481 billion.