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Adhi Karya obtained Rp 3 trillion worth of contracts in Q1 2019

22 April 2019 14:58

JAKARTA. PT Adhi Karya (Persero) Tbk (ADHI) obtained contracts with a total value of Rp 3 trillion from January to March or the first quarter of this year.

Ki Syahgolang Permata, Corporate Secretary of ADHI, said that the new contracts acquired in the first quarter were dominated by contracts from the construction & energy sector (90.2%). While the property business line only contributed 9.4%, and other business lines contributed 0.4%.

In an official statement received by idnfinacials.com on Monday (22/4), Permata explained that there were three major contracts obtained by ADHI in the first quarter. The three contracts are the construction of Pertamina's RDMP Office & Lab with a contract value of Rp 608 billion, construction of apartments in Cikunir with a contract value of Rp 312 billion, and construction of Sulfur Jetty & Dredging TUKS Migas worth Rp 227.2 billion.

In addition, ADHI announced the realization of the construction of phase I of Light Rail Transit (LRT) infrastructure in the Jabodetabek, which had reached 61.3%. Cawang – Cibubur route has reached 81%, Cawang – Kuningan – Dukuh Atas 50.1%, and Cawang – Bekasi Timur 55.4%. (KR/AR)

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