Waskita Karya Still Trusted by the Government, Despite Rp2 Trillion Loss in the First Half of 2023

Market

Lite

Adi Ahdiat 03/08/2023 18:30 WIB

URL has been copied

Memuat...

Waskita Karya reported a loss of Rp2.07 trillion in the first half of 2023. Despite this, in June 2023, this state-owned enterprise was still entrusted by the government to undertake a number of new

Waskita Karya's Income Statement for Semester I (2022-2023)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Waskita Karya Still Trusted by the Government, Despite Rp2 Trillion Loss in the First Half of 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.

Waskita Karya's Income Statement for Semester I (2022-2023)

Download

Source

A Small Font
A Medium Font
A Bigger Font

PT Waskita Karya Tbk (WSKT) reported a loss attributable to the company's owners of Rp2.07 trillion in the first half of 2023.

This figure is up 776%, or approximately eight times higher, compared to the loss in the first half of last year.

Despite posting a significant loss, this state-owned construction company (BUMN) continues to enjoy government trust.

"Alhamdulillah, the government still trusts us by appointing Waskita to work on national strategic projects," said Ermy Puspa Yunita, SVP Corporate Secretary of Waskita Karya, in a press release on Tuesday (18/7/2023).

According to Ermy, in June 2023 Waskita Karya successfully booked new contracts worth Rp7.82 trillion, with the majority (66.24%) coming from government projects.

New contract values also originated from subsidiaries' projects (18.85%), SOE/regional SOE projects (13.62%), and private projects (1.29%).

Ermy also revealed that the company is currently focusing on working on seven packages of projects for the new Capital City (IKN), with Waskita Karya's portion valued at Rp4.33 trillion.

Some of the IKN projects undertaken by Waskita Karya are:

* IKN Toll Road Section 5A project;
* Sepaku Ring Road Segment 4 project;
* Presidential Secretariat Building and Supporting Building Facilities project;
* Coordinating Ministry Building and Area Package 3 project;
* Coordinating Ministry Building and Area Package 4 project;
* Wastewater Treatment Plant (IPAL) 1, 2, and 3; and
* Feeder Road Project for the Core Central Government Area (KIPP)

Waskita Karya's management stated that they are currently focusing on improving capabilities in human resources, value engineering, and the development of technology and digitalization.

"We have started implementing this in ongoing projects, especially in the IKN projects. The company also employs more than 60% local workers in IKN projects," said Ermy.

She also mentioned that Waskita Karya is committed to improving good corporate governance and careful risk management in every line of the company.

"Currently, the company is very selective in choosing projects, especially regarding payment certainty, including advance payments and monthly payments, and has gone through the Construction Risk Management Committee," said Ermy.

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

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

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Latest Data Stories

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

Construction Costliness Index of Asmat Regency, South Papua Reached 152.51 Points in 2025 Property 05/12/2025, 14:57 WIB

Global Oil Prices Fall to US$63.92 per Barrel (Friday, May 23, 2025) Market 05/12/2025, 14:46 WIB

US Soybeans Futures Contract Price (Two-Month) - US$1,060.25/Bushel (Friday, May 23, 2025) Economics & Macro 05/12/2025, 14:34 WIB

Today's Food Prices (05/12) in Indonesia: Bird's Eye Chili Up, Red Chili Down Economics & Macro 05/12/2025, 14:26 WIB

Download

Source

Waskita Karya Still Trusted by the Government, Despite Rp2 Trillion Loss in the First Half of 2023

Waskita Karya Still Trusted by the Government, Despite Rp2 Trillion Loss in the First Half of 2023

Tags

Related Data

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

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Latest Data Stories

Popular Data

Waskita Karya Still Trusted by the Government, Despite Rp2 Trillion Loss in the First Half of 2023

Waskita Karya Still Trusted by the Government, Despite Rp2 Trillion Loss in the First Half of 2023

Tags

Related Data

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

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Latest Data Stories

Trending Topics

Popular Data