JAKARTA - PT Surya Semesta Internusa Tbk (SSIA) has budgeted capital expenditure or capex of Rp 775 billion for this year. The capex, sourced from the company’s internal cash, will be used for land acquisition.
SSIA Head of Investor Relations Erlin Budiman said this year the company will still try to acquire a land in Subang. “We will try to acquire a 165-hectare land in Subang,” he told Kontan.co.id, Tuesday (22/1).
The capex will also be allocated for the company’s construction and hotel business units. “We remain focused on the development of each business unit and increasing productivity,” Mr Budiman added.
This year SSIA is targeting a 15% revenue growth. However, projection of last year’s revenue and net profit is still being audited and thus cannot be announced yet. (MS)