Waskita Karya's Losses Balloon to Rp2.15 Trillion in the First Half of 2024
- A Small Font
- A Medium Font
- A Bigger Font
PT Waskita Karya (Persero) Tbk's financial report shows that the company recorded a loss attributable to owners of the parent entity of Rp2.15 trillion in the first half of 2024.
This net loss increased by 4.18% year-on-year (YoY) from Rp2.07 trillion in the first half of 2023.
The state-owned enterprise's revenue was recorded at Rp4.47 trillion in the first half of 2024, a significant drop of 15.19% YoY from Rp5.27 trillion in 2023.
According to Katadata, the revenue of the WSKT-coded issuer was supported by construction services of Rp3.12 trillion, but this decreased by 28.17% from Rp4.34 trillion.
In addition, there was interest income from construction services of Rp23.85 billion. WSKT also received revenue from precast sales of Rp610.96 billion and toll road revenue of Rp563.34 billion.
Furthermore, there was revenue from the property business of Rp89.16 billion, infrastructure sales of Rp29.54 billion, hotel revenue of Rp48.9 billion, and building rental income of Rp6.74 billion.
In addition, Waskita Karya's cost of revenue was recorded at Rp3.87 trillion. Selling expenses and general and administrative expenses amounted to Rp780.24 billion.
Waskita's assets were recorded at Rp91.1 trillion in the first half of 2024. Liabilities or debts to be paid are substantial, amounting to Rp82 trillion. Meanwhile, equity or capital amounted to Rp9.08 trillion.
(See also: Assets of State-Owned Construction Companies in Q1 2024, Who is the Largest?)
"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
Latest Data Stories
Trending Topics
Popular Data