PT PP Presisi Tbk (PPRE) revenue, a subsidiary of PT Pembangunan Perumahan Tbk (PTPP), in 2017 is estimated at Rp1,8 trillion. That revenue surged nearly quadrupled compared with the realization of revenue in 2016 at Rp 371,2 billion.
Based on the non-audit of the financial statements of the company, the income of civil work contribute up to 78 percent of the total income of 2017.
From the growth side, the income of civil work rises to 10 times from Rp 122,7 billion in 2016 to Rp1,4 trillion to the end of last year, "said Benny Pidakso, Finance Director of PPRE.
From the profit side, the company estimates net income in 2017 reaching Rp240 billion, with EBITDA Rp 570 billion. Meanwhile, cash flow generated from operations recorded a surplus of Rp 240 billion.
However, financial statements PPRE 2017 currently still audited, but the management of the company's optimistic projections for the company's performance.
Meanwhile, the capex allocated for 2018 reach Rp 1.6 trillion. The fund was lower than the realisation of capital expenditure in 2017 i.e. Rp1,7 trillion. Most of the funds used to buy heavy equipment to support the civil work.
In addition, the company has also opened up opportunities for financing, along with the ability of leveraging a fairly open with net debt to equity (d/e ratio) is at level 0, 17 x until the end of 2017.
