Aug 3, 2010

Wijaya Karya to post Rp120 bio profit

State-owned contractor PT Wijaya Karya Tbk (WIKA) is estimated to post the first half 2010's net profit of Rp120 billion, a 30% increase from a year earlier of Rp93 billion.
WIKA President Director Bintang Perbowo said despite fierce competition, Wijaya Karya is optimistic to reach the target. 
WIKA Corporate Secretary Natal Argawan said the company is underway to accomplish projects worth Rp12.78 trillion during the first half this year, counting 61.42% of its annual target. As of June this year, Wijaya Karya has secured Rp2.36 trillion of contracts.

Disclosure: No position at the stock mentioned above. 

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