JAKARTA - PT PP Presisi Tbk (PPRE) managed to snag new contracts worth Rp 2.2 trillion in the first semester of 2019.
PP Presisi Investor Relations Bambang Suyitno explained that the new contracts consisted of the Indrapura-Kisaran section of the Trans-Sumatra toll road worth Rp 1.6 trillion, the Balekambang-Kedungsalam section of the Trans South Road Lot 9-South Java project worth Rp 175 billion, the Minangkabau International Airport overlay worth Rp 75.8 billion, and the Patimban Port cement deep mixing project worth Rp 115 billion.
“Our new contracts as of June 30, 2019 reached Rp 2.2 trillion,” Mr Suyitno told Bisnis Indonesia, Monday (22/7). He added that the company’s first semester new contract realisation is 37.93% of this year’s target of Rp 5.8 trillion.
For 2019, PP Presisi has revised its net profit target from Rp 428.8 billion to Rp 600 billion. In the first quarter, the company recorded net profit growth of 54.64% year on year (yoy) to Rp 92.15 billion. (MS)