Wika Gedung secures new contracts worth Rp2.07 trillion
This article has been translated by PwC Indonesia as part of our Indonesia Infrastructure News Service. PwC Indonesia has not checked the accuracy of, and accepts no responsibility for the content.
Investor Daily - Wika Gedung raih kontrak baru Rp2,07 T
13 December 2024
Jakarta, ID – PT Wijaya Karya Bangunan Gedung Tbk (WEGE) continues to demonstrate positive performance by securing new contracts worth Rp2.07 trillion as of October 2024.
The strategic projects secured by WEGE include the Jakarta-Denpasar InaTEWS building for BMKG, a flat in Cilangkap, a hospital in Klaten, a Biofarma building in Bandung, a Bank Mandiri branch in Gresik, a Bank Indonesia branch in Karawang, and modular housing for the Indonesian National Armed Forces (TNI) in Nusantara Capital City (IKN). These projects highlight the diversity of WEGE's portfolio, encompassing offices, housing, and public facilities.
WEGE President Director Hadian Pramudita expressed optimism about the company's achievements. "WEGE is committed to continuous growth and maintaining business sustainability. We believe that hard work and innovation are key to creating added value for shareholders and the community," he said at a media gathering in Jakarta on Thursday (12/12/2024).
He noted that out of the total value of new contracts, the majority, 58.60%, comes from the Government, while the remainder is split between state-owned enterprises (SOEs)/regional state-owned enterprises (BUMDs) and the private sector, each contributing 23.97%. In terms of project type, offices dominate with a portion of 40.42%, followed by housing projects at 28.18% and public facilities at 31.40%.
"This contract distribution aligns with our strategy to seize opportunities across various market segments and ensure project diversification," Hadian added.
Meanwhile, by the third quarter of 2024, WEGE recorded a revenue of Rp2.26 trillion and a profit of Rp47.11 billion, marking an increase of 121.32% compared to the previous year.
