WIKA 1H14 net income grew a flat 0.8% y-o-y
Wijaya Karya (WIKA IJ, Under Review) revenue during 1H14 grew 10.8% y-o-y to IDR5.85trn while net income is relatively flat at IDR283bn (+0.8% y-o-y). Revenue during 2Q14 grew 15.3% y-o-y to IDR3.06trn where we estimate around 22% was contributed from its subsidiary PT Wika Beton (WTON IJ, Not Rated). However, 2Q14 net income tumbled by.
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