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Waskita Karya's performance in Q1 2019 was depressed

29 April 2019 15:28

JAKARTA. A state-owned construction company, PT Waskita Karya (Persero) Tbk. obtained new contracts with a total value of Rp.4.17 trillion in the quarter I / 2019. WSKT's performance was depressed with a decline in its operating income by 30% to Rp. 8.68 trillion and its net profit fell by 54.18% to Rp. 795 billion.

Based on information disclosure on Monday (29/4/2019), the company recorded new contract growth of 15.83% on an annual basis, ie from Rp 3.6 trillion in quarter 1 / 2018 to Rp 4.17 trillion in quarter 1 / 2019.

The company's total assets as of quarter I / 2019 reached Rp 128.95 trillion, up by 15.99% compared to the same period the previous year (Rp 111.17 trillion). While its total equity was recorded at Rp29.68 trillion, up by 21.19% on an annual basis. (AM/AR)
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