Until the 2nd week of December 2017, PT Wika Gedung Tbk (WEGE,JK) records the contract at hand (order book) reached Rp 12.7 trillion. The order book reached 98.3 percent of the target contract amounting to Rp 12.7 trillion in 2017.
Order book comprises a new contract worth Rp 7.1 trillion and carry over contracts last year worth Rp 5.6 trillion. Some of the infrastructure projects contracts are Pelindo III office center Surabaya, Arandra Residences apartment Jakarta, Lombok Pullman Mandalika Hotel and Resort, Grand Ostello apartment Jatinangor, Hospital Port Palembang.
In addition, Tamansari Urbano apartment Bekasi, Transmart Sidoarjo, Trans Studio Cibubur, International Equestrian Park in Pulomas East Jakarta, Bareskrim building Jakarta, Telkom Manyar building, Tamansari Iswara in Bekasi.
In addition, the LRT Jakarta Corridor 1, Apartment B Residence Jakarta, air force housing, Transmart Jember and flats rent in Banten and Jakarta.
In addition, in the midst of rapid development of infrastructure development in Indonesia, the competition is increasingly high construction industry as well as the question of negative cash flow, Wika Gedung can achieve stable financial performance.
PT Wijaya Gedung Tbk posted a positive operating cash flow throughout the 2017. Recorded in the company's operating cash flow, as per November 2017 of Rp 192 billion. Targeted cash flow reached Rp 241 billion on December 31, 2017. Positive cash flow contributions supported income cash from customers in the form of accounts receivable payment and cash advance from customers.
Source: Liputan 6
Source: Liputan 6
