Adhi Karya targets 25% revenue growth this year
JAKARTA. Contractor company PT Adhi Karya (Persero) Tbk. targets revenue in 2021 to increase by 25%, while the company's revenue in 2020 will reach IDR 10.82 trillion.
Corporate Secretary Adhi Karya Farid Budiyanto said that the target was determined based on the order book recorded by ADHI in 2020 amounting to IDR 49.2 trillion, with new contracts obtained amounting to IDR 19.7 trillion.
"He is optimistic about the target set because the distribution of the Covid-19 vaccine is already massive so it can increase operational productivity in the field," said Farid in an official statement on Wednesday (7/4).
Throughout 2020, ADHI's performance turned negative with net profit plunging 96.39% to Rp23.97 billion from IDR 663.80 billion. Meanwhile, the company's operating cash flow was recorded positive at IDR 1.4 trillion, a significant increase of IDR 900 billion due to payments for large projects such as the Sigli - Banda Aceh Toll Road and the Jabodebek LRT. (AM/LM)