PP Precision PT Tbk (PPRE), the biggest heavy equipment rental company in Indonesia, is targeting a new contract worth Rp 7 trillion to Rp 8 trillion (USD 518-590 million) in 2018. As for the year 2017, a subsidiary of PT PP Tbk (PTPP) is targeting the contract amounting to Rp 5.8 trillion.
Benny Pidakso, Finance Director and Company Secretary PPRE stated, these new contracts include project multi years. Including the Trans-Sumatran toll, Pandaan-Malang toll road, and Solo-Kertosono toll road, built in 2017-2019.
In addition, there is the construction of the taxy way and runaway Soekarno-Hatta Airport's Terminal 3, and the construction Kulon Progo airport. "Until October 2017, PP Precision has signed a new contract worth Rp 4.2 trillion," he said in the Indonesia Stock Exchange (BEI), Friday (24/11).
For the year 2018, PPRE have budgeted capital expenditures or capital expenditure (capex) amounting to Rp 1.4 trillion. This capex lower than capex 2017 that reach Rp 1.8 trillion.
"Next year we are targeting is Rp 1.4 trillion. Due to the acquisition process for next year will not be as big as the year 2017. But we will focus to organic growth, "he said.
Currently, the company has the form work covering 27,000 sqm, eight factory of ready mix, and 1,500 units of heavy equipment from various famous brands.
Financial Report
Currently, the company has the form work covering 27,000 sqm, eight factory of ready mix, and 1,500 units of heavy equipment from various famous brands.
Financial Report
|
|
2015
|
2016
|
31 July 2017
|
|
Assets
|
378.545
|
1.066.389
|
3.355.267
|
|
Revenue
|
223.113
|
371.236
|
441.050
|
|
Equity
|
94.656
|
211.946
|
1.253.508
|
|
Liability
|
283.889
|
854.443
|
2.101.758
|
|
Net income
|
71.306
|
95.222
|
128.231
|
NB: In million Rupiah
