JAKARTA (Yosefardi) – State construction firm PT PP Tbk (PTPP) targets to book revenue of Rp19% trillion this year, a 52% growth compared to Rp12.43 trillion last year. While net profit is targeted to grow by 35% to Rp730 billion.
PTPP also targets to book new contracts of Rp27 trillion this year, a 30% growth compared to Rp20.24 trillion in 2014. While the carry over contracts from 2014 amount Rp29 trillion.
The company booked profit attributable to owners of Rp531.95 billion in 2014, grew by 26.3% from Rp420.7 billion in 2013. Earning per share (EPS) was Rp110. Revenue rose 6.6% to Rp12.43 trillion from previous Rp11.65 trillion.
Operating profit increased 17% to Rp1.25 trillion from earlier Rp1.07 trillion. Its assets reached Rp14.6 trillion while liability totaled Rp12.2 trillion.
PTPP plans to launch the initial public offering (IPO) of its unit PT PP Property in May this year.