JAKARTA. PT Jasa Marga Tbk (JSMR) recorded the lowest growth among infrastructure state-owned enterprises (SOEs) that have announced their first quarter financial statements.
Based on IDNFinancials.com records, JSMR nearly stagnated with growth of only 0.32% year on year (yoy0. Wijaya Karya recorded the highest growth at 66.98%, followed by PP Presisi (+54.64%), Wika Beton (+22.84%), Pembangunan Perumahan (+12.52%), Adhi Karya (+3.08%), and Wika Gedung (+2.12%).
Meanwhile, infrastructure SOEs with negative growths are Waskita Karya (-59.89%), PP Properti (-44.17%), and Waskita Beton Precast (-43.01%).
Despite declining performance, Waskita Karya' s management remains optimistic to achieve its 2019 performance target and eyes Rp 54.13 trillion in revenue as well as Rp 4.1 trillion in net profit. (AM/MS)