These are the State-Owned Enterprises (SOEs) in the construction sector that achieved profits in the first half of 2024.

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Adi Ahdiat 26/08/2024 11:28 WIB

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Among the state-owned construction companies (BUMN Karya), only PTPP and ADHI reported profits in the first half of 2024. WSKT's losses increased, and WIKA has yet to release its latest financial rep

State-Owned Construction Companies' Profit/Loss for the First Semester (2023-2024)

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State-Owned Construction Companies' Profit/Loss for the First Semester (2023-2024)

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"BUMN karya" refers to state-owned enterprises (SOEs) operating in the construction sector.

Currently, four "BUMN karya" companies are publicly listed: PT PP Tbk (PTPP), PT Adhi Karya Tbk (ADHI), PT Waskita Karya Tbk (WSKT), and PT Wijaya Karya Tbk (WIKA).

In the first half of 2024, PTPP recorded the highest profit among the "BUMN karya" companies.

During the first six months of this year, PTPP achieved a net profit attributable to the parent entity of Rp147 billion, a 52% year-on-year (yoy) increase compared to the first half of 2023.

ADHI's profit grew by 11% (yoy) to Rp13.77 billion, while WSKT incurred a loss that swelled by 4% (yoy) to Rp2.16 trillion.

As of today (August 26, 2024), WIKA has yet to announce its latest financial report. In the first quarter of 2024, they recorded a loss of Rp1.13 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."