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PP Presisi has distributed 32.77% of its capex budget

15 January 2019 07:49 AM  Company: PT. Tower Bersama Infrastructure Tbk[TBIG]
Rp. 3,120  +20 (0.65%)

JAKARTA - As of December 2018, PT PP Presisi Tbk (PPRE) has spent Rp 225.93 billion of its total capital expenditure (Capex) budget of Rp 689.27 billion. The Capex sourced from the IPO fund of Rp 1.01 trillion. The IPO itself was conducted on 24 November 2018.

As cited from the company's information disclosure, Benny Pidakso, Finance Director of PT PP Presisi Tbk (PPRE), announced the realisation of the Capex budget and working capital. In the prospectus, PP Presisi allocated a Capex of Rp 689.27 billion and working capital of Rp 295.40 billion. In December 2018, the realisation of the working capital was about 100% and for the Capex, the realisation was 32.77% of the allocation.

"The remaining IPO fund was recorded of Rp 463.37 billion, which saved in the current account worth Rp 21.78 billion and deposits of Rp billion," he said as cited from the company's information disclosure.

In the third quarter of 2018, PP Presisi obtained a net revenue of Rp 1.99 trillion, soared from Rp 929.69 billion gained in the same period of 2017. The gross profit was recorded at Rp 440.97 billion, increased from Rp 241.62 billion in the same period of 2017. Finally, the total equity was recorded at Rp 2.61 trillion, rose from Rp 2.44 trillion. (LK/AR)

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PT. Tower Bersama Infrastructure Tbk [TBIG]   Rp. 3,120   +20 (0.65%)