Surabhi Chopra

Equity Bottom-Up

PT Wijaya Karya (Persero) Tbk / Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/1877" target="_blank" data-smartkarma-citation="entities:1877:1">Wijaya Karya Persero Tbk Pt (WIKA IJ)</a>, a construction company in Indonesia, reported a very strong 1Q17 as its revenues increased nearly 40% yoy led by strong growth in infrastructure and building business, gross profit +41% yoy while EBIT was up about 44% yoy and net profit +242% yoy. <strong>Net profit beat consensus forecasts</strong> as usually due to seasonality 1Q17 make up about 14-15% of full year estimates but 1Q17 made up about 20% of consensus full year estimates. The strong growth in net profit…</p>

Wijaya Karya Persero Tbk Pt (WIKA IJ), a construction company in Indonesia, reported a very strong 1Q17 as its revenues increased nearly 40% yoy led by strong growth in infrastructure and building business, gross profit +41% yoy while EBIT was up about 44% yoy and net profit +242% yoy. Net profit beat consensus forecasts as usually due to seasonality 1Q17 make up about 14-15% of full year estimates but 1Q17 made up about 20% of consensus full year estimates. The strong growth in net profit…

PT Wijaya Karya (Persero) Tbk

WIKA: Strong 1Q17