The company has obtained new contract worth Rp2.6tn up to current,it only represent 20%from its FY10 target of Rp13tn.In 2H10,they are aiming to get 3 power plant contracts worth Rp6.2tn,aside from its own 2x150MW power plant projects worth Rp3.6tn.They targeted the project to start in October 2010.
The company indicated that 1H10 net profit will be more than double compared to 1H09 of Rp11.3bn,despite slightly lower revenue.This is due to higher income from joint operation project,thus reflected better margin. As for FY10,they are aiming to book revenue and net profit of Rp6.7tn and Rp335bn,respectively.Note that their latest net profit target is lower from its previous target of Rp359bn,despite of higher revenue from previously Rp6.3tn.
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