Wijaya Karya's Net Profit Raised 65% in First Quarter of 2013

Government-owned construction company, PT Wijaya Karya Tbk (WIKA) posted a net profit growth of 65% in the first quarter of 2013 to Rp 157 billion from the same period last year.

President Director of Wijaya Karya, Bintang Perbowo said that the achievement was contributing 28% of total net income target this year amounted to Rp 555 billion.  According to him, the acquisition of new contracts by March 2013 recorded Rp 4,68 trillion or has reached 22.54% of the target of the new contract in 2013 worth Rp 20,76 trillion.

The company expects the acquisition contract combined with the carry-over of last year amounted to Rp 38,87 trillion, up 21.15% of 2012 realization.

Several projects that have been acquired by the company among others are The Expansion and Development of Terminal 3 Ulimate Soekarno-Hatta Airport Rp 1,79 trillion, Trass & Limestone Handling System project Rp 46,6 billion, and a number of other projects.

for Indonesia Market Summaries 13 June 2013