PT PP (Persero) Tbk (PTPP) is planning some corporate action this year. One of the action is to establish two subsidiaries.
The plan was made by PTPP to maintain sustainable growth. Each will focus the business on property and the production of precast concrete.
PTPP budgeting the capital expenditure (capex) of Rp 460 billion. In addition to corporate actions forming two subsidiaries, capex budget is also intended as a venture capital investment in power plants, toll roads, and ports. This year PTPP also targeting net profit to reach Rp 370 billion. (Kontan)
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