Sunday, July 20, 2008

Adhi Karya prepare provision for monorail project

PT Adhi Karya (Persero) Tbk must prepare provision for monorail project. Adhi Karya needs to spare the IDR126 billion reserve for the loss potential due to the share possession of PT Jakarta Monorail.
The policy should be taken by the management of Adhi Karya noting that the monorail project is halted and has so far lacked of fixed plan to move further.
Adhi Karya had shared a total of IDR26.6 billion dividend or 25 percent of the net profits in 2007 worth by IDR11.6 billion. The dividend equals to the par value of IDR14.78.

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