JAKARTA - PT Jaya Konstruksi Manggala Pratama Tbk (JKON) allocated a capital expenditure (CapEx) budget of Rp. 146.4 billion this year. The funds came from the company's internal cash.
Based on the disclosure of company information, most of the capital expenditure funds will be used by PT Jaya Trade to build bulk asphalt terminals and procurement of vehicles (Rp 62.3 billion), followed by the company's other subsidiaries.
The management is optimistic that it can reach its revenue target in 2019 of Rp 16.3 trillion. By March 2019, the company has obtained contracts with a total value of Rp 7.2 trillion. (LK/AR)