Waskita Posts Rp236 Billion Net Loss in First Half of 2022

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Reza Pahlevi 29/07/2022 12:00 WIB

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State-Owned Enterprise (SOE) PT Waskita Karya (Persero) Tbk recorded a net loss of Rp236.52 billion in the first half of 2022. This is in stark contrast to the net profit of Rp154.13 billion in the fi

Waskita Karya's Net Revenue and Profit/Loss for Semester I (2021-2022)

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Waskita Posts Rp236 Billion Net Loss in First Half of 2022

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Waskita Karya's Net Revenue and Profit/Loss for Semester I (2021-2022)

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According to the company's financial report, the main reason for Waskita Karya's net loss in this period is the profit attributable to non-controlling interests amounting to Rp530.44 billion.

This profit attributable to non-controlling interests is larger than the profit for the period/year, which amounted to Rp293.92 trillion. The difference between the profit attributable to non-controlling interests and the profit for the period resulted in a recorded net loss of Rp236.52 billion.

This loss was recorded even as Waskita reported a 29.3% year-on-year (yoy) growth in revenue to Rp6.09 trillion. Previously, Waskita recorded revenue of Rp4.71 trillion in the first half of 2021.

Waskita's assets were recorded at Rp97.14 trillion in the first six months of 2022. Liabilities were recorded at Rp77.2 trillion and equity at Rp19.93 trillion.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."