Waskita Karya Reduces Net Loss by 85% in 2021

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Reza Pahlevi 10/05/2022 15:40 WIB

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Waskita Karya's divestment of toll road assets successfully reduced its net loss. In 2021, Waskita received Rp2.65 trillion from the sale of its stakes in several toll roads.

Waskita Karya's Revenue and Net Profit (2017-2021)

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Waskita Karya Reduces Net Loss by 85% in 2021

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Waskita Karya's Revenue and Net Profit (2017-2021)

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Waskita Karya (Persero) Tbk recorded revenue of Rp12.22 trillion in 2021. This figure is down 24.5% from Rp16.19 trillion in 2020.

Despite the revenue decline, the state-owned construction company's net loss was successfully reduced by 85% to Rp1.1 trillion in 2021. This is a significant decrease from the Rp7.36 trillion net loss in 2020.

This reduction in losses was mainly supported by other income, which reached Rp3.74 trillion in 2021. In 2020, this item recorded an expense of Rp219.3 billion.

This other income was largely derived from the divestment of Waskita Karya's toll roads. Throughout 2021, Waskita earned Rp2.65 trillion from selling its stake in several toll roads.

Meanwhile, Waskita's liabilities were recorded at Rp88.14 trillion at the end of 2021, down from Rp89.34 trillion at the end of 2020.

Waskita successfully reduced its short-term liabilities from Rp48.56 trillion to Rp27.3 trillion. The majority of its liabilities are long-term, amounting to Rp60.84 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."

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Waskita Karya Reduces Net Loss by 85% in 2021

Waskita Karya Reduces Net Loss by 85% in 2021

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Waskita Karya Reduces Net Loss by 85% in 2021

Waskita Karya Reduces Net Loss by 85% in 2021

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