Jul 13, 2010

Wijaya Karya 1H net profit up 35.53%

State-owned contractor PT Wijaya Karya Tbk (WIKA) today reports that it posted Rp126.5 billion of net profit in the first semester this year (IH 2010), a 35.53% increase compared to the same period last year of Rp93.34 billion.
As reported by Kontan today, Wijaya Karya aims to reach Rp253 billion of net profit this year. "In the first half, we have reached 50% of the target," said WIKA Corporate Secretary Natal Argawan said.
Wijaya Karya posted Rp189 billion of net profit in 2009. The company has set revenue target this year Rp6.5 trillion, a 23.08% increase compared to the previous year.

Disclosure: No position at the stock mentioned above.

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