Apr 25, 2011

Total 1Q eyeing 14.81% growth in profit

Publicly listed construction company PT Total Bangun Persada Tbk (TOTL) is eyeing a 14.81% growth in net profit this year as revenue estimated to increase.
Total Persada has set a higher net profit guideline this year to Rp93 billion from Rp81 billion last year. Total Persada is estimated to reach Rp1.70 trillion revenue in 2011 from Rp1.54 trillion last year. Adding to that, the new contract is estimated to increase to Rp1.80 trillion this year from Rp1.55 trillion.
Total Persada is eyeing Rp4 trillion contracts such as residential, office building, educational building, utility, hospital, and shopping centers.
PT Total Inti Persada owns 56.50 shareholding in Total Bangun Persada, Djadjang Tanuwidjaja owns 8.62%, Pinarto Sutanto owns 1.83%, Komajaya holds 0.73%, and public shareholders own the remaining.

Disclosure: No position at the stock mentioned above.  

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