JAKARTA - As of the end of April, PT Pembangunan Jaya Ancol Tbk (PJAA) had absorbed Rp 110 billion of its capital expenditure (CapEx) budget. PJAA allocated multi-year CapEx budget of Rp 1.1 trillion, which will be used for the development of the recreation segment.
Agung Praptono, Corporate Secretary of PJAA, revealed that the amount of capital expenditure in 2017 was Rp 250 billion, most of which was used for procurement of new rides in Dunia Fantasi (Dufan).
"Capital expenditure absorption until April 2019 was as much as Rp 110 billion," said Agung as quoted from Bisnis.
This year, PJAA targets profit growth in the range of 10%-15%. Last year, the company recorded a net profit of Rp 223.38 billion, which is 1.43% higher compared to its record in 2017 (Rp 220.21 billion). (LM)