Mar 14, 2011

Citra Marga eyes Rp313 bio net income

PT Citra Marga Nusaphala Persada Tbk (CMNP), Indonesia’s toll road operator, seeks to bag Rp313.5 billion net income jump compared to its 2010’s net income that is estimated to reach Rp285 billion.
Finance Director of CMNP Indrawan Sumantri unveiled that this year’s net income target has also included the company’s plan to increase the toll road volume. This plan is to be realized in September.
“Based on the plan, the number of toll road being administered by CMNP shall raise this year or in September. Such net income target has also calculated the hike of toll road tariff,” he said last week.
Regarding to 2010’s net income, Indrawan said that the company estimates the net income to rise by four folds or reaching Rp285 billion.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: