Wika targets Rp 25
trillionin new company
The Jakarta Post, Jakarta |
Business | Mon, April 28 2014, 6:48 AM
State-owned construction firm PT
Wijaya Karya (Wika) expects contracts in engineering, procurement and
construction (EPC) will increase to Rp 25 trillion (US$2.1 billion) this year,
up 38 percent from Rp 18 trillion last year, thanks to new construction
projects.
With the sharp increase in the new
contracts, the company expects to become one of the largest construction
company in Southeast Asia.
“Wika has the ambition to not only
be a top player in the Indonesian EPC sector, but also in Southeast Asia,” said
company’s president director Bintang Perbowo, as quoted by Kontan business
daily, on Friday.
The new contracts include the
construction of a Rp 573 billion fuel storage on Sambu Island and a Rp 445
billion gasoline storage in Tanjung Uban in Riau Islands province.
Wika also booked new contracts
worth Rp 178 billion to build a new building for the Bandung Institute of
Technology (ITB) and Rp 110.2 billion for the construction of new building of
the Telkom University, also in Bandung.
With the new orders Wika expects
revenues would increase by 23 percent to Rp 18.9 trillion. It also expected net
profit of Rp 678 billion, up 18 percent from Rp 570 billion last year.
Comment :
In my opinion, if observed through
the financial statements and profit and loss, construction company PT Wijaya
Karya (Wika) does have potential, so that the sharp increase in new contracts,
the company expects to become one of the largest construction companies in Southeast
Asia. This year we see an increase of 38 percent from last year's Rp 18
trillion to Rp 25 trillion. Increased very sharply.
It is true what is said Perbowo
president of the company, that PT Wika does have the ambition to not only be a
top player in the EPC sector of Indonesia, but also in Southeast Asia, PT WIKA
also plans to build a new building for the Institute of Technology Bandung
(ITB) and also telecommunications high school in Bandung.
With new orders Wika expects
revenue to increase by 23 percent to Rp 18.9 trillion. It is also expected net
profit of Rp 678 billion, up 18 percent from Rp 570 billion last year.
