Jan 27, 2011

PTPP targets Rp335 billion net profit

PT Pembangunan Perumahan Tbk (PTPP), a state-owned construction and investment company, targets the net profits to grow by 66% to Rp335 billion compared with last year’s estimated net profits.
President Director of Pembangunan Perumahan Musyanif said the target is based on the estimation that construction business will boom in 2011.
The booming construction businesses in 2010 include road and port construction, as well as environmentally friendly projects.
“We are optimistic to get the target. We even estimate to be able to reap a double growth in win contract compared to last year,” he said.
The optimism, as he said, is due to the some big projects which previously to be acquired last year but in fact those projects are postponed in 2011.

Disclosure: No position at the stock mentioned above.  

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