PT PP Prints Rp34 Billion Net Profit in Q1 2023

Market

Lite

Adi Ahdiat 11/05/2023 11:58 WIB

URL has been copied

Memuat...

PT PP (Persero) Tbk reported a net profit attributable to the parent entity's owners of Rp34.22 billion in the first quarter of 2023.

PT PP's Revenue and Net Profit* for Quarter I (2022-2023)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

PT PP Prints Rp34 Billion Net Profit in Q1 2023

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

PT PP's Revenue and Net Profit* for Quarter I (2022-2023)

Download

Source

A Small Font
A Medium Font
A Bigger Font

PT PP (Persero) Tbk reported a net profit attributable to the parent entity of Rp34.22 billion in the first quarter of 2023.

This represents a 21.5% year-on-year (yoy) increase compared to the net profit of Rp28.18 billion in the first quarter of last year.

The increase in profit for the PTPP-coded issuer was supported by a 1.9% yoy increase in operating revenue to Rp4.36 trillion.

PTPP also achieved growth in its share of the profit of associated entities, which surged 1,057% (yoy) or approximately tenfold to Rp3.81 billion. Meanwhile, PTPP's share of profit from joint ventures increased by 26.5% (yoy) to Rp78.31 billion.

For 2023, PTPP has secured a number of new project contracts, including the construction of infrastructure for the new Capital City (IKN) in East Kalimantan.

"In IKN, we are working on the presidential office, the presidential palace, the state secretariat office, and the toll road. In 2023, there will be several IKN tenders underway, ranging from toll roads to low-cost apartments for civil servants, the Indonesian National Armed Forces (TNI), and the Indonesian National Police (Polri)," said PTPP President Director Novel Arsyad in a press conference last month (April 12, 2023).

Currently, the Minister of State-Owned Enterprises (BUMN), Erick Thohir, is reviewing a plan to merge several state-owned construction companies, including PTPP with PT Waskita Karya Tbk (WSKT).

According to state-owned enterprise observer Toto Pranoto, this merger could improve company performance.

"Because of the many similarities in the line of business, a merger could be an alternative to increasing the competitiveness of state-owned construction companies," Toto told Katadata.co.id on Friday (May 5, 2023).

Toto also believes that a merger could prevent state-owned construction companies from competing for jobs and allow them to share production facilities to improve efficiency, considering that all state-owned construction companies currently have significant debt.

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."

Related Data

Construction Costliness Index of Asmat Regency, South Papua Reached 152.51 Points in 2025

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year

20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Latest Data Stories

Historical Data of Average Wages in West Papua, 2018-2023 Employment 05/12/2025, 16:15 WIB

Average Per Capita Monthly Expenditure in South Papua 2024 Consumer Services & Health 05/12/2025, 15:57 WIB

Indonesian Provinces with the Highest Non-Food Urban Poverty Line in Indonesia (2023) Demographics 05/12/2025, 15:32 WIB

Global Natural Gas Prices Rise to US$3.33/Mmbtu (Friday, May 23, 2025) Energy 05/12/2025, 15:01 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 05/12/2025, 15:00 WIB

Food Prices Today, December 05, in West Java: Bird's Eye Chili Up, Red Chili Down Economics & Macro 05/12/2025, 14:57 WIB

Download

Source

PT PP Prints Rp34 Billion Net Profit in Q1 2023

PT PP Prints Rp34 Billion Net Profit in Q1 2023

Tags

Related Data

Construction Costliness Index of Asmat Regency, South Papua Reached 152.51 Points in 2025

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year

20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Latest Data Stories

Popular Data

PT PP Prints Rp34 Billion Net Profit in Q1 2023

PT PP Prints Rp34 Billion Net Profit in Q1 2023

Tags

Related Data

Construction Costliness Index of Asmat Regency, South Papua Reached 152.51 Points in 2025

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year

20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Latest Data Stories

Trending Topics

Popular Data