INDONESIA PRESS-Acset expands into heavy equipment rental business - Kontan

Mon Jan 6, 2014 8:21pm EST

Construction firm PT Acset Indonusa plans to expand into heavy equipment rental business by setting up a new unit, PT Sacindo Machinery, by acquiring a 78 percent stake in the company, Kontan reports.

The firm expects profit to rise 9 percent this year to 110 billion Indonesian rupiah ($9.03 million) and revenue to rise 20 percent to 1.2 trillion rupiah.

* Note: Reuters has not verified this story and does not vouch for its accuracy.

($1 = 12,180 rupiah) (Compiled by Rin Hindryati; Editing by Supriya Kurane)

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