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Kamis, 27 Januari 2011

The Indonesia Today PTPP Targets 66% Profit Growth This Year


State-contractor PT Pembangunan Perumahan Tbk (PTPP) targets to book net profit of Rp335 billion this year, a 66% increase compared to Rp201 billion in 2010.
Musyanif, PTPP's president director, said in a press statement issued today that the company also targets revenue to reach Rp8.4 trillion, mainly supported by carry-over contracts worth Rp6 trillion and new contracts. Last year, the company booked revenue of Rp4.4 trillion

The reguler construction projects contribute around 75% of total contracts while EPC projects contribute the balance.

"We are optimistic to double new contracts this year as we have some big projects carried over from last year," Musyanif said, adding the company targets to book orders worth Rp22 trillion this year, consisting of new contracts worth Rp16 trillion and carry over contracts worth Rp6 trillion.

The government had set in the state budget for construction and infrastructure amounting 128 trillion and offers opportunity in public private partnership (PPP) valuing of Rp417 trillion.

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