PT PP Precision Tbk (PPRE) optimistic can achieve net profit of about Rp 500 billion (USD 37 million) in 2018, or jumped 150% from the estimated net profit in 2017 amounting Rp 200 billion. The company also had been able to get new contracts about Rp 7-8 trillion in the year 2018, compared to Rp 5.6 trillion this year.
Director of Finance PP Precision Tbk Benny Pidakso stated, the company already had an order book of $8.5 trillion until October 2017. Whereas since the beginning of the year, this new issuer is targeting order book can touch the Rp 10 trillion. Later, the targeted total sales reached Rp 1.8 trillion and net profit is expected to touch the Rp 200 billion at the end of 2017.
"With estimated sales and net profit targets can be achieved, surely the company accomplished the increase quite significantly in 2018. In addition to these indicators, both PP Precision believes its new contract, i.e. increase to Rp 7-8 trillion," said Benny in Jakarta, Friday (24/11).
While until October 2017, the company already had new contracts amounting to Rp 4.2 trillion. With this achievement, PRRE still require additional around Rp 1.4 trillion in order to fulfill the target of obtaining new contracts Rp 5.6 trillion in 2017.
Benny reveals, after the IPO (initial public offering/IPO), the company will have a more solid financial capabilities to strengthen the positioning of PP Presisi Tbk in the construction business.
The company with its subsidiary company, PT Lancarjaya Mandiri Abadi (LMA) was work on the Trans-Sumatran toll road project. In addition, both are also currently working on Pandaan-Malang toll road project, Manado-Bitung toll road, Solo-Kertosono toll road, Way Sekampung dam, Leuwi Keris dam project, and Sinabung lava control project.
"With the achievement of the performance is there, we believe it can keep its net profit margin in the range of 10-11% minimum," said Benny.
Financial Report
|
|
2015
|
2016
|
31 July 2017
|
|
Assets
|
378.545
|
1.066.389
|
3.355.267
|
|
Revenue
|
223.113
|
371.236
|
441.050
|
|
Equity
|
94.656
|
211.946
|
1.253.508
|
|
Liability
|
283.889
|
854.443
|
2.101.758
|
|
Net income
|
71.306
|
95.222
|
128.231
|
NB: In million Rupiah
