PP Posts 61% Profit Growth in H1

State construction firm PT PP Tbk (PTPP) booked un-audited net profit of Rp572.45 billion in first half (H1) this year, jumped 61% from Rp355.34 billion in H1 last year. Revenue grew 27% to Rp8.1 trillion. Operating profit rose 25.5% to Rp8.13 trillion. The Company’s assets reached Rp31.8 trillion while liability amounted Rp20.1 trillion. PTPP booked new contracts of Rp20.2 trillion in H1, grew 43% from Rp14.1 trillion in H1 last year, representing 49.7% of this year’s target of Rp40.6 trillion.