Adhi Karya's Profit Doubles in 2022

- Selasa, 7 Maret 2023 | 11:34 WIB
Adhi Karya's Profit Doubles in 2022 (industry.co.id)
Adhi Karya's Profit Doubles in 2022 (industry.co.id)


DEPOK (eNBe Indonesia) - State construction firm Adhi Karya (ADHI) booked net profit of Rp175 billion in 2022, doubled y/y, thanks to higher share of profit of joint ventures.

Revenue grew 17.4% y/y to Rp13.5 trillion, cost of revenue also rose 20.6% y/y to Rp11.7 trillion.

Operating profit fell 4.6% y/y to Rp1.02 trillion. ADHI is targeting revenue and profit growth of 20% for this year, a conservative target to anticipating rising raw material prices.

ADHI sets capex of Rp1.1 trillion for 2023, used for the construction of the Solo-Yogyakarta-YIA Kulonprogo Toll road, the Yogyakarta-Bawen Toll road, and the East Karian-Serpong SPAM. It remains having cash of Rp1.98 trillion from rights issue.

ADHI has also obtained loan of Rp420.4 billion from Bank Syariah Indonesia (BRIS), used to fund the Trans-East Sumatra South Sumatra preservation project.***

Editor: Adrianus Nulangi Madaala

Tags

Terkini

Sinarmas Group Enjoys Coal Bonanza

Kamis, 16 Maret 2023 | 09:30 WIB

Semen Indonesia Posts Weaker Earnings in 2022

Kamis, 16 Maret 2023 | 09:16 WIB

SVB Collapse and Indonesian Economy

Rabu, 15 Maret 2023 | 10:15 WIB

GOTO Gojek Tokopedia Lays Off Employees

Senin, 13 Maret 2023 | 10:27 WIB

Adhi Karya's Profit Doubles in 2022

Selasa, 7 Maret 2023 | 11:34 WIB

Jasa Marga Posts 68.7% Growth in Profit for 2022

Selasa, 7 Maret 2023 | 11:31 WIB

Adaro & Bukit Asam Report a Surge in Profit

Senin, 6 Maret 2023 | 08:06 WIB

Adaro Minerals Posts 114% Surge in Profit

Senin, 6 Maret 2023 | 08:01 WIB

Stronger 2022 Results of Astra

Rabu, 1 Maret 2023 | 11:17 WIB

Vale to Develop Smelter in Southeast Sulawesi

Rabu, 1 Maret 2023 | 09:25 WIB

State of the Indonesian Economy

Jumat, 24 Februari 2023 | 19:35 WIB

Cimory Posts a 34.2% Growth in Profit

Jumat, 24 Februari 2023 | 19:31 WIB

XL Axiata Posts a 15.4% Profit Decline in 2022

Selasa, 21 Februari 2023 | 16:55 WIB

Vale Indonesia Posts 21.2% Profit Growth

Senin, 20 Februari 2023 | 10:27 WIB

Positive Development on Bumi Resources

Jumat, 17 Februari 2023 | 07:53 WIB

Indosat Posts a 30% Decline in Profit

Selasa, 14 Februari 2023 | 16:38 WIB

Weaker Results of Unilever

Senin, 13 Februari 2023 | 17:27 WIB
X