JAKARTA - PT Adhi Karya Tbk (ADHI) successfully booked revenue of Rp 5.42 trillion at the end of the first semester of 2019. This figure fell by 10.8% on an annual basis from Rp 6.08 trillion in 1H 2018. This year, ADHI is targeting revenues of Rp 18.44 trillion, up by 29.4% from the target in 2018.
The company's net profit edged up 1.1% to Rp 215 billion with this year's net profit target of Rp 755 billion. Net profit margin also increased from 3.5% in 1H 2018 to 4% in 1H 2019.
For information, ADHI is targeting the number of order books this year as much as Rp 66.78 trillion. The order book consisted of a carry over of Rp 36.31 trillion and a new contract worth Rp 30.47 trillion.
Until the end of July 2019, ADHI's new contracts earnings was recorded at Rp 6.1 trillion. Based on the company's business lines, the new contracts are dominated by construction & EPC lines by 81%, property by 18% and others by 1%. (LM)