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Waskita Beton Achieves a new contract Worth IDR 8.1 trillion

Jakarta (Benchmark News) – Corporations are concrete, Precast Waskita Beton PT Tbk., bagging a new contract amounted to IDR 8,1 trillion throughout January-November 2016 or beyond the target of a new contract during the year IDR 7,9 trillion.

President of Waskita Beton Precast Jarot Subana exposes a new contract that is derived from a number of projects such as toll road project the great Wood-Palembang-Betung IDR 200 billion worth of highway, Bogor-Ciawi-Sukabumi and project light rail (LRT) Palembang IDR 70 billion and projects of apartments and hotels in Cinere and Cirebon, West Java.

“The composition of the new projects come from projects undertaken by PT Waskita Karya (Persero) Tbk as well as other STATE-OWNED COMPANIES, and other private projects such as the construction of apartments, Hotels and others,” Jarot said in an e-mail to the business, Wednesday (7/12/2016).

According to him, until the end of 2016, Waskita Beton will manage a number of additional projects such as the elevated highway in East Java. The project is expected to be obtained in December 2016.

Previously, large-value contracts gained Waskita Beton comes from the toll road project, Cimanggis-Cibitung toll road IDR 2,3 trillion, Pasuruan-Probolinggo toll road at IDR 500 billion, Pemalang-Batang toll road IDR 1,5 trillion, a Batang-Semarang at IDR 500 billion and LRT Palembang IDR 1 trillion.

With a contract that has been retrieved it, issuers coded stock that doubled the revenues WSBP IDR 3,06 trillion in January-September 2016 or increased 89.72% compared with IDR 1,61 trillion in the same period of 2015.

The company posted a profit of IDR 391,98 billion in the current year period in January-September 2016 or 85.6% increase compared to IDR 211,12 billion in the same period 2015…(Red).

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