Jembo bags Rp 350b supply order from PLN
Tuesday, June 9 2015 - 01:40 AM WIB
IDX-listed industrial cable maker PT Jembo Cable Company Tbk has obtained cable supply order from state-owned power firm PT PLN worth Rp 350 billion.
Company Corporate Secretary Antonius Benady was quoted by Kontan as saying Tuesday that delivery is expected to take place in the second half of this year.
The new contract from PLN is expected to help Jembo achieve its revenue target of Rp 1.7 trillion this year, or a 14 percent increase from last year?s Rp 1.49 trillion. (*)