Hexindo gets $4.5m contract

Hexindo gets $4.5m contract

JAKARTA (JP): Publicly listed heavy equipment supplier PT
Hexindo Adiperkasa said on Wednesday it had secured new contracts
worth US$4.5 million this year.

The company corrected its previous statement that the
contract's value was $25 million.

Company president Rustam Effendi said in a statement that the
heavy equipment sales contracts included $2.3 million awarded by
PT Ackom Prima Persada, $1.5 million by PT Mitra Ventura of the
Indo Chemical Group and $0.7 million by PT Kondang Sarana.

"Last month's contracts have raised our optimism to meet our
target this year, after sluggish demand in the first quarter," he
said, adding it would deliver the equipment this month.

Hexindo aims to book a 9 percent increase in net profit to Rp
33.3 billion (US$2.94 million) this year from Rp 30.5 billion in
2000 and a 6 percent increase in sales to Rp 413 billion from Rp
388 billion.

However, its first quarter net profit decreased by 6 percent
to Rp 10.9 billion from Rp 11.6 billion in the same period last
year.

Hexindo sells heavy equipment under the Hitachi brand name,
such as bulldozers and excavators. (05)