WTON - PT. Wijaya Karya Beton Tbk

Rp 424

+6 (+1,44%)

JAKARTA - PT Wijaya Karya Beton Tbk (WTON) realised approximately Rp 200 billion of capital expenditure in the first semester of 2019, out of the total at Rp 779 billion.

Imam Sudiyono, Director Finance of PT Wijaya Karya Beton Tbk (WTON) stated that the company set the target to distribute Capex of about Rp 779 billion this year, and had realised about Rp 200 billion. “And or Capex, we will set at Rp 779 billion this year; but it takes time to execute, because until today, it has been just realised Rp 190 billion, or almost Rp 200 billion,” he said.

According to him, they cannot disclose the capex utilisation next year due to the allocation review. He said the company considered to issue treasury (Note) to support business expansion. “For bonds, we have prepared a team to look for opportunities, because our credit platform is actually still quite large, and our interest rates are still competitive, which is below 9%,” he added. (LK/W)