JAKARTA - As of August 2019, PT PP Presisi Tbk (PPRE) managed to book a new contract value of Rp 2.7 trillion. For information, the new PPRE contract target for 2019 is at Rp 5.8 trillion.
The new contract earning is equivalent to 46.55% of this year's target. Although only a few months left, the company is optimistic that it can pocket additional new contracts in the fourth quarter.
The company to the potential feeding that will be obtained from the parent company, namely PT PP (PTPP) which contract value can reach Rp 4 trillion to Rp 4.7 trillion. The projects include the Semarang-Demak toll road, ferronickel smelters in Kolaka (Southeast Sulawesi), alumina smelters in Mempawah (West Kalimantan), power plants and dams.
At present, PPRE is also participating in several project tenders originating from state and private funds. The project includes the construction of national roads to mining infrastructure. (LM)