HomeNewsVideos

PTPP eyes IDR 21.4 trillion of revenue and IDR 429 billion of profit

15 September 2022 12:09

JAKARTA. PT PP (Persero) Tbk (PTPP) sets its revenue and profit target in 2022 to IDR 21.4 trillion and IDR 429 billion.

President Director of PTPP, Novel Arsyad, claimed that as the parent company, PTPP will attempt to cover 60% of the target revenue of IDR 21.4 trillion, leaving another 40% to the responsibility of its subsidiaries.

According to Arsyad, his company recorded quite massive sales from carry-over contracts. “The net profit target of IDR 429 billion will be supported by new and carry-over contracts,” he confirmed in a public expose earlier today (15/9).

Arsyad further revealed that the marketing of new projects generated IDR 15.78 trillion by the end of August 2022, 56% higher than the number seen in August 2021. Meanwhile, the marketing target in 2022 is set to IDR 31 trillion.

In terms of new contracts, contracts from state-owned enterprises dominated with a contribution rate as high as 65%, followed by the government contracts of 30% and private sector of 5%. (AM/ZH)

© 2024 - IDN Financials - All Rights Reserved.