JAKARTA (Yosefardi) – State construction firm PT PP Tbk (PTPP) booked new contracts of Rp20.2 trillion in 2014 with order book totaling Rp29 trillion.
The company targets its new contracts to grow by 33% to Rp27 trillion this year. It will resume its apartment project in Australia this year.
PTPP will build 12 apartment towers in Australia which costs Rp1.5-1.7 trillion.
For this year, PTPP allocates capital expenditure (capex) of Rp1.8 trillion for this year.
It also plans to launch the initial public offering (IPO) of its property unit, PT PP Properti, by early this year.