JAKARTA. PT PP Presisi Tbk (PPRE) will add new contracts outside the company's Work Plan and Budget (RKAP) to maintain its revenue growth this year.
Benny Pidakso, Finance Director of PPRE, said that so far there will be an additional contract worth Rp 3 trillion to be worked on by the company. "That is an additional contract outside the initial RKAP," Pidakso said on Tuesday (7/5) in writing.
As of the end of March, the total new contracts received by PPRE reached Rp 1.61 trillion, and Rp 11.2 trillion of carryover contracts from 2018.
From the acquisition of the contract, PPRE recorded revenue of Rp 867 billion in the first quarter of this year, 39% higher than its revenue in the same quarter of the previous year (Rp 623.6 billion). The company's revenue target for this year is Rp 4.2 billion. (KR/AR)