The state-owned contractor PT Adhi Karya Tbk (ADHI) aims to post Rp203.56 billion net income in 2011, a 9.82% increase from estimation last year of Rp185.36 billion.
In a material presented by Adhi Karya during BNP Paribas Asean conference, gross profit is estimated to rise 29.10% to Rp786.48 billion in 2011 from Rp609.18 billion. Adhi Karya forecasts a 50.99% increase in revenue this year to Rp9.15 trillion from Rp6.06 trillion.
The company targets Rp12.59 trillion new contracts in 2011, consisting of buildings worth Rp4 trillion, EPC of Rp2.2 trillion, toll road of Rp1.9 trillion, and others of Rp4.4 trillion.
Disclosure: No position at the stock mentioned above.
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