JAKARTA. PT Adhi Karya (Persero) Tbk (ADHI) revised its revenue and net profit projection for this year, after obtaining a contract from the Jakarta LRT project with a total value of Rp 23.3 trillion.
Edbert Surya and Adrian Joezer, analysts at Mandiri Sekuritas, said that ADHI is now projected to obtain new contracts with a total value of Rp 28.2 trillion. Meanwhile, the company's revenue is estimated to reach Rp.18.2 trillion, and its net profit is estimated to reach Rp.560 billion.
"Projections in the previous guide were made in March when there is still much uncertainty regarding infrastructure projects being worked on by the company," they explained in an official report.
Initially, ADHI was estimated to receive Rp 22.8 trillion from the Jakarta LRT project. However, now the figure is certain to rise to Rp 23.3 trillion. (KR/AR)