Nov 11, 2010

Astra Graphia lifts earning to Rp115 bio

PT Astra Graphia Tbk, Indonesia-based document and information technology solutions provider, has revised up its net income forecast in 2010 from Rp110 billion to Rp115 billion following the strong indication over a significant sale jump in the 2H/2010. Net sales is estimated to reach Rp1.5 trillion.
President Director of Astra Graphia Lukito Dewandaya said that in the first half of 2010, his company targeted to book IDR100 billion net income during 2010. Nevertheless, in the second half of 2010, especially in the Q4/2010, the company perceived such forecast as too small.
“We strongly believe that our achievement in the Q4/2010 may prompt us to book the new quarterly highest record, suggesting us to revise the net income of IDR115 billion until the end of this year. Such figure may also become the new highest record of our net income,” he said.
By this revision, as he added, Astra Graphia also expects its sale and net income target in 2011 to further grow by 20%. Referring to the 2010’s projection, Astra Graphia’s net income forecast somehow equals to Rp138 billion.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: