Dirgantara Indonesia Expects Profit to Reach US$ 12 Million
This yearNC 212 TNI AL☆
PT Dirgantara Indonesia (Persero) estimates consolidated profit growth will double or equivalent to US$ 12 million this year, while profit last year valued at US$ 5.4 million. The company is optimistic that the target can be achieved because of the contract orders from several institutions in the country last year.
"There are significant results that we obtained in November and December 2017, including ordering 9 aircraft type NC-212 from the air force," said President Director of PT Dirgantara Indonesia (DI) Elfien Goentoro quoted from Bisnis.com.
The target increase is due to the contribution of two subsidiaries from Bandung namely PT Nusantara Turbine and Propulsion (NTP) and IPTN North America Inc. This year, NTP is expected to post a profit of US$ 2.8 million, with a contract of US$ 34.9 million and sales of US$ 32.7 million.
In addition, IPTN North America Inc. is targeted to achieve a profit of US$ 1 million with sales reaching US$ 15 million and contracts of US$ 16 million.
In addition, PT DI's net profit is estimated to reach US$ 7.9 million from contracts of US$ 592.4 million and sales of US$ 455.4 million. The company also recorded an investment of US$ 33.9 million and set a material efficiency target of 5%. (HR)