JAKARTA - PT Rekagunatek obtained additional capital of Rp 50 billion from its parent company, PT Indopora Tbk (IDPR), to develop its precast concrete business. The company considers the massive infrastructure development and the relocation of the capital city as opportunities to develop its business.
As quoted from the company's disclosure published on Tuesday (10/3), Dwijanto, Corporate Secretary of PT Indopora Tbk (IDPR) said the source of funds used for the capital injection was IDPR's internal cash.
As of Q3 2019, IDPR obtained a number of new projects with a total value of Rp 600 billion. The company's revenue in 2019 was recorded at Rp 694.5 billion. Finally, the company's total asset value was recorded at Rp 719.18 billion. (LK/AR)