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Waskita Beton obtains much less new contract in Q1 2020 than in Q1 2019 due to coronavirus

20 April 2020 15:26

JAKARTA. PT Waskita Beton Precast Tbk's (WSBP) obtained less new contracts during the first quarter of 2020 compared to the same period last year, mainly due to the coronavirus pandemic which has restricted all business activities.

Corporate Secretary of Waskita Beton Precast Siti Fathia Maisa Syafurah said that the total value of new contracts obtained by the company during the first three months of this year was Rp 576.54 billion. "This figure is lower than the figure recorded in the same period last year of Rp 2.24 trillion," he said as quoted from kontan.co.id on Friday (17/4).

According to Siti Fathia, the budget originally allocated for construction by companies was allocated to handle the coronavirus pandemic and cancel tender activities.

Fathia said that until now, the company's factory is still fully operational with restrictions on working hours and application of coronavirus prevention procedures. (AM/AR)

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