WIKA | Indonesia's Leading Integrated EPC & Investment Company

PT Wijaya Karya (Persero) Tbk (WIKA) recorded an increase at first semester sales (Net Sales) of 2011 at 31.47% from a year ago with the same period, from IDR 2, 52 trillion to IDR 3, 31 trillion.

Meanwhile, the gross profit at first semester of this year recorded at IDR 304, 91 billion, up 12.75% from the year 2011 with the same period. Increased sales at first semester was supported by new contracts obtaining in the field of civil construction, buildings, utilities and energy, it was also supported by income from joint operations which increased 332% from last year. This makes WIKA remain optimistic about the performance record of solid consolidated financial statements until the end of 2011, thus reinforces the positioning of WIKA as the best company in the field of EPC (Engineering, Procurement, Construction) and integrated investment in Southeast Asia. Especially if the MP3EI Program (Master Plan for Acceleration and Expansion of Economic Development of Indonesia) realized later by the government, it will greatly assist the acceleration of growth in the construction business and opportunities to expand the market which will indirectly improve the performance of WIKA.

WIKA also recorded the new contract at first semester 2011 was IDR 5, 87 trillion. Meanwhile, for the new contracts obtaining in August 2011 is worth IDR 0, 87 trillion, so the new contract total until August 2011 was IDR 6, 74 trillion. The new contracts until August 2011 included the Project of Out of the Pit Crushing & Conveying (OPCC) which is located in  Tutupan-Tobalong South Kalimantan from Adaro Group valued at IDR 738, 06 billion, Borang  (Powerplant/PLTGU)60 MW Project in South Sumatra worth IDR 815, 66 billion, Ketapang  power plant  2×10 MW project West Kalimantan worth IDR 296, 57 billion, Sepinggan Balikpapan Airport valued at IDR 335, 9 billion, Red and White Bridge Construction project in Ambon IDR 226, 92 billion, I Gusti Ngurah Rai Airport project- Denpasar IDR 560 billion, Rengat power plant  (PLTG) 20 MW project-Riau  worth IDR 128 billion and JORR W2  project worth 180 billion.