JAKARTA - PT Nusantara Infrastructure Tbk. (META) is optimistic that it can record 10% revenue growth this year, thanks to rate adjustments and increased traffic.
As quoted from Bisnis on Sunday (2/2), General Manager Corporate Affairs of Nusantara Infrastructure, Deden Rochmawaty, said that the construction of more toll roads sections contributed significantly.
Some toll road sections, he explained, have their rates decided. For example, JTSE raised the rate at the end of 2019, whereas for BMN and BSD, the rates have been raised as of 31 January 2020.
In addition to rate adjustments, the growth in META's revenue will also be driven by increased traffic with the completion of the Pettarani Elevated Toll Road This project is targeted to be completed in Q3 2020.
As of Q3 2019, the company recorded Rp 1.05 trillion in revenue and Rp 133.75 billion in net profit. (ARM/AR)