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WIKA Group has only realized less than 30% of its new contract target

19 July 2019 05:56

JAKARTA. PT Wijaya Karya Tbk (WIKA) and its group's new contract realization is still far from the target. Political events have been blamed for the low new contract realization.

PT Wijaya Karya Tbk as the holding company, for example, in the first six months of this year has just obtained 23% of its target of Rp 61.4 trillion. Even PT Wijaya Karya Gedung Tbk (WEGE) in the same period only obtained Rp 1.7 trillion (14.28%) of its target of Rp 11.9 trillion. Meanwhile, PT Wijaya Karya Beton Tbk (WTON) obtained new contracts with a total value of Rp 2.7 trillion, 29% of its target of Rp 9.1 trillion.

Director of Wijaya Karya Gedung, Nur Al Fata, said that the general election (Pemilu) affect the realization of new contracts. Nevertheless, Nur Al Fata is optimistic that the target can still be achieved.

Wika Gedung is also quite optimistic because the number of tenders the company participated in and its chance to win them.

New contracts that have been realized mostly came from state-owned enterprises (BUMN) and regional-owned ones (BUMD). In the future, the new contracts that will be pursued are the construction of hospitals and office buildings. (AM/AR)

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