Indonesia's SOE Construction Sector Assets in Q1 2024: Who's the Biggest?

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Adi Ahdiat 10/07/2024 10:00 WIB

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WSKT is the largest state-owned construction company (BUMN Karya) by assets in Q1 2024. However, a significant portion of WSKT's assets consist of liabilities or debt.

Total Assets of State-Owned Karya Enterprises (Q1 2024)

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Total Assets of State-Owned Karya Enterprises (Q1 2024)

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Currently, there are four state-owned construction companies (BUMN Karya) with listed status: PT Waskita Karya Tbk (WSKT), PT Wijaya Karya Tbk (WIKA), PT PP Tbk (PTPP), and PT Adhi Karya Tbk (ADHI).

BUMN Karya refers to state-owned enterprises operating in the construction sector.

At the end of Q1 2024, WSKT had the largest total assets among the listed BUMN Karya, amounting to Rp92.2 trillion.

However, the majority (88.47%) of WSKT's total assets consisted of liabilities or debt.

WIKA had total assets of Rp64.62 trillion, with 87.03% also being debt.

Meanwhile, PTPP and ADHI had smaller assets and debt proportions.

At the end of Q1 2024, PTPP's total assets reached Rp56.65 trillion, with a debt proportion of 72.96%.

ADHI's total assets amounted to Rp40.22 trillion, with a debt proportion of 77.03%.

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."