JAKARTA (Indonesia Today) – Land transportation company PT Adi Sarana Tbk gained 14% in its trading debut on the Indonesia Stock Exchange (IDX) Monday morning.
The stock, ASSA, gained Rp55 to Rp445 per share. The company offered Rp390 per share in the initial public offering (IPO). At the current price, Adi Sarana has market capitalization of over Rp1.4 trillion.
The company booked net profit of Rp10.6 billion in the first half of 2012 from sales revenues of Rp353.6 billion. Last year, 12 months, Adi Sarana booked net profit of Rp9.86 billion from Rp567.4 billion of revenues.