The state-controlled construction company PT PP (Persero) Tbk (PTPP) recorded a 19.13% increase in net profit last year, underpinned by a growth in operating revenue.
PTPP booked Rp240.22 billion net profit or Rp50 a share last year from Rp201.65 billion or Rp42 a share a year earlier.
Operating profit rose 66.99% to Rp654.94 billion from Rp392.19 billion, while gross profit increased 68.85% to Rp705.92 billion from Rp417.99 billion. Operating revenue increased 41.6% to Rp6.23 trillion from Rp4.40 trillion.
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