Wika Beton realises contracts of IDR 2.7tn in three months

Fery Hendriyanto from Wijaya Karya Beton (Wika Beton) said that the Indonesian pre-cast concrete producer has realised contracts valued at some IDR 2.7 trillion (€179.74 million/US$203.71 million) in the first-quarter of 2016. Out of the figure, IDR 1.7 trillion was carry over contracts from 2015. For 2016, the company is targeting new contracts valued at IDR 4 trillion. During the first-quarter of 2016, the company has reported sales of around IDR 700 billion, up from IDR 450 billion generated in
April 1, 2016 Read time: 1 min

Fery Hendriyanto from 7481 Wijaya Karya Beton (7885 Wika Beton) said that the Indonesian pre-cast concrete producer has realised contracts valued at some IDR 2.7 trillion (€179.74 million/US$203.71 million) in the first-quarter of 2016.

Out of the figure, IDR 1.7 trillion was carry over contracts from 2015.

For 2016, the company is targeting new contracts valued at IDR 4 trillion.

During the first-quarter of 2016, the company has reported sales of around IDR 700 billion, up from IDR 450 billion generated in the same quarter in 2014.

For 2016, the firm is aiming for net profit of IDR 172 billion and sales of IDR 4 trillion.

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Indonesia’s Wika Beton pays US$23.5 million to take over CLT

According to the Company Secretary of Wijaya Beton (Wika Beton), Puji Haryadi, the construction company has paid US$23.5 million (€18.14 million) to take over 90% of shares in Citra Lautan Teduh (CLT).

CLT produces pre-tensioned spun concrete pile sold under the Tekcon brand and has an output capacity of 100,000tonnes/year.

The acquisition of the company in Batam will help Wika Beton to expand its business and increase its output capacity as well as marketing area.

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