JAKARTA. PT PP Presisi Tbk (PPRE) expects the value of new contracts obtained in 2020 to be 30% higher than the figure recorded this year, supported by a number of construction and mining projects.
Benny Pidakso, Finance Director of PPRE, said that the company would try to achieve the target by participating in more construction projects or civil works. In addition, the subsidiary of PT Pembangunan Perumahan Tbk (PTPP), will also try to obtain projects in nickel mining, smelter, and mining infrastructure sector.
"(Our) revenue and profits can grow 20% -30% YoY in 2020," Pidakso explained as quoted by Kontan on Thursday (21/11) yesterday.
Pidakso added that now his party has also started mining infrastructure projects in Kolaka. He also admitted that there were already projects that were entering the pitching stage in Southeast Sulawesi and Central Sulawesi. Nevertheless, he was reluctant to explain in more detail about the projects. (KR/AR)