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Duta Graha secures IDR2.4 trillion contracts

JAKARTA: PT Duta Graha Indah Tbk, a national private construction company, has secured IDR2.4 trillion order books up to April this year consisting of IDR440 billion new contracts and IDR1.9 trillion carry over contracts from last year.The company is

JAKARTA: PT Duta Graha Indah Tbk, a national private construction company, has secured IDR2.4 trillion order books up to April this year consisting of IDR440 billion new contracts and IDR1.9 trillion carry over contracts from last year.The company is eyeing to achieve IDR2,2 trillion new contracts until the end of this year or 10% higher from last years target at IDR2 trillion, Duta Graha Corporate Secretary Johan Halim said.We are optimistic that the company can meet such target by the end of this year. We are on the right track if recalling our first quarter performance, he told Bisnis Indonesia, yesterday.Dutas net profit declined 26.18% to IDR10.58 billion in first quarter from IDR14.33 billion in the same period last year. Its revenue also declined by 13.59% to IDR269.62 billion from previously IDR312.04 billion.Annually, 70% of the companys projects are governments project. Therefore, some projects that havent running in first quarter will be conducted in the second half.We are targeting 15% growth in revenue this year and 4%-5% net profit from the total revenue, he added.Homestead for athletesAs acknowledged, the company is currently constructing a homestead for athletes for the upcoming event of Sea Games XVI in Palembang, South Sumatra. The construction began in December last year after Duta won the project bidding in 2010.The project has dragged the company into the alleged bribery case to the Ministry of Youth and Sports (Kemenpora) because the company allegedly won the bidding by bribing one of the tender committee.Last week, Corruption Eradication Commission (KPK) has interrogated Dutas President Director Dudung Purwadi and Finance Director Laurensius Teguh Khasanto as witnesses while Marketing Manager M. El Idris has been named as a suspect.Such allegation will not hamper the construction process that targeted to be completed mid July 2011 where its process currently reaches 71%.We are optimistic the homestead project will be completed on time. It will reach 94% until the end of June and continues with its final completion. (t06/wiw)

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