State toll-road operator PT Jasa Marga booked Rp 992 billion (US$109 million) in audited net profit in 2009, up by 41 percent from Rp 707 billion the previous year, and expects to boost its earnings by operating and acquiring more toll roads later this year.
“The significant growth in net profit was supported by capital gain realization in toll roads,” Jasa Marga president director Frans S. Sunito said in a press release published Monday.
The financial report showed the company enjoyed 10 percent revenue growth by netting Rp 3.69 trillion, up from Rp 3.35 trillion in 2008.
The company is reportedly looking to rake in Rp 4.2 trillion in revenue this year.
“During the last five years, Jasa Marga booked 18 percent growth in revenue and 23 percent growth in earnings before interest, tax, depreciation and amortization [EBITDA],” Frans said.
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