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Dec 02, 2016 13:10:20

JSMR: Optimistic on higher 2016 earnings than full-year target

Jasa Marga ($JSMR) is optimistic on booking 2016 earnings higher than the fullyear target. The Company is targeting 2016 bottom line of IDR1.7tn (Bahana: IDR1.7tn), up 21% y-y, while on revenue it targets IDR8.7tn (Bahana: IDR8.8tn), up 14.5% y-y. Furthermore, the 2016 revenue is estimated to come from toll revenues amounting to IDR7.9tn and other revenues of IDR824bn. (Investor Daily)

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