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Superkrane aims for Rp. 1.5 trillion of contract

11 October 2018 12:59

JAKARTA. PT Superkrane Mitra Utama Tbk (SKRN) targeted US$ 100 million or Rp. 1.5 trillion (Rp. 15.000/US$) until 2021. The contracts come from various sectors, including oil and gas, infrastructure and mining. 

President Director of the company, Tandiono Tan stated that until now, SKRN has gained US$ 40 million from the total targeted value. 

"The US$ 40 million come from both the existing and new customers, which means we are US$ 60 million short for the next three years. All of the contracts come from the government for the infrastructure, mining ones are from chemical factories, and oil and gas so it is quite even," he said in the Main Hall of Indonesia Stock Exchange (BEI) on Thursday (11/10/18). 

He added that today, 30% of their contracts are from the government. Meanwhile, 10% of it comes from private institutions.

With the new contracts gained and the target, the company estimated that their 2018 income will reach the level of Rp. 600 billion with the net profit target around Rp. 100-120 billion. 

"The income target for this year is Rp. 480 billion, a rise of 25% from the 2017 level. For 2019, we target our income to grow by 20% to Rp. 720 billion. This is driven by the growing demand of crane renting," he said. (AM/AR)

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