Indonesia: Unit of Wika Beton to be set up

A unit of Wijaya Karya Beton (Wika Beton) will be set up in Indonesia. Of the some IDR 528 billion (€35.97 million/US$38.74 million) capital expenditure by the company, part of it would be used by Wika Beton for the new unit’s capital. According to Entus Asnawi Muhson, the company’s finance director, a decision on the new subsidiary islikely to be made in early 2016, The unit, which aims to cater to a rise in demand for moulds and precast concretes, will be located in East Java. During July to
November 17, 2015 Read time: 1 min

A unit of 7481 Wijaya Karya Beton (7885 Wika Beton) will be set up in Indonesia.

Of the some IDR 528 billion (€35.97 million/US$38.74 million) capital expenditure by the company, part of it would be used by Wika Beton for the new unit’s capital.

According to Entus Asnawi Muhson, the company’s finance director, a decision on the new subsidiary islikely to be made in early 2016,

The unit, which aims to cater to a rise in demand for moulds and precast concretes, will be located in East Java.

During July to September 2015, revenues hit some IDR 1.55 trillion, a climb of IDR 650 billion.

During January to September 2015, revenues stood at IDR 891.3 billion, a slip by 46.88% from a year ago.

Net profits reached IDR 51.4 billion, a nosedive of 69.59% from 2014.

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