WIKA | Indonesia's Leading Integrated EPC & Investment Company

Total of obtained new projects of PT Wijaya Karya (Persero) Tbk. (WIKA) on September 2011 amounting to IDR 1.3 trillion to increase the new contract (order book) until September to IDR 9.4 trillion, which recorded at the previous month was IDR 8.1 trillion. This achievement exceeded the obtaining of new contracts until September at last year was IDR 5.2 trillion, up by 81.5% this year. Thus the total of order book until September of this year rose 50.7% compared to last year, from IDR 15.7 trillion to IDR 22.2 trillion.

The Projects that obtained on September were hauling Road Project in West Kutai, East Kalimantan, worth IDR 311.6 billion, Bossowa LPG Terminal Makassar with a contract value of IDR 221 billion, Tampino Crude Oil Pipelines in Plaju with a contract value IDR 134.6 billion and the New Access Road of Gunung Putri Bogor worth IDR 118.2 billion. The Achievement in this September was 77.1% of New Contract target in 2011. The obtained contracts influence sales until September 2011 which was also up 50.2% from IDR 4.7 trillion at last year, up to IDR 6.4 trillion. The Gross profit also increased to IDR 108 billion. So that the Company’s profit before tax or Earnings After Tax (EAT) to September 2011 also rose to IDR 11 billion when compared to last year, namely IDR 204 billion to IDR 215 billion.

The strengthening of revenue by the end of 2011 remains WIKA to keep be optimistic in achieving profit in 2011 amounting to IDR 350 billion. Therefore, to achieve these figures, the company trying to boost sales and profits in a sustainable manner (recurring income) through investment strategies and business of WIKA that is backward-forward integration and synergy with other state-owned enterprises to open up new business opportunities. Development of infrastructure projects encourages WIKA relatively to diversify its business in supporting Investment growth in order to giving contribution that is reccuring income, In this case WIKA has been investing in the energy sector that will contribute to company profits 10% or less than USD 45 billion in the coming years which starting in 2012.

Supported by this investment projects in energy sector that is expected to keep support sales of WIKA become more increased. Since February 2011, WIKA has completed the first investment project in the field of energy, namely Pesanggaran Diesel Powerplant 3×18 MW, Bali and the company has posted sales of generated power.