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Totalindo Eka Persada reaches 73.40% of new contract target

06 August 2019 15:48

JAKARTA. PT Totalindo Eka Persada Tbk (TOPS) has snagged Rp 1.83 trillion in new contracts, 73.40% of this year's target of Rp 2.5 trillion.

TOPS Corporate Secretary Novita Frestiani said that as of June 2019 the company has bagged Rp 1.83 trillion in new contracts, 73.40% of this year's target of Rp 2.5 trillion.

Ms Frestiani said that the company is optimistic in the positive trend in the second semester of 2019 with the realisation of new contracts and project tenders the company is after this year.

"We believe we can encourage a positive trend in the second semester of 2019," said Ms Frestiani on Monday (5/8).

In the first six months of the year, TOPS pocketed revenue amounting to Rp 386.17 billion, down 53.75% from Rp 834.93 billion in the same period last year. In terms of profitability, the company's net profit fell 3.73% from Rp 62.73 billion in 1H-2018 to Rp 60.39 billion in 1H-2019. (AM/MS)

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