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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April 21, 2016

Indonesia: IPO to be launched by Waskita Beton to raise IDR 4tn

In August or September 2016, an initial public offering (IPO) will be launched by Waskita Beton Precast (Waskita Beton) in Indonesia.

Proceeds raised from the IPO will be used by the company for expansion.

It estimated that IDR 3 trillion (€201.65 million/US$227.53 million) to IDR 4 trillion will be raised by the concrete producer from the transaction.

The company is a Waskita Karya unit, and in 2016 output capacity will be raised by Waskita Beton to 2.4 million tonnes.

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