Despite Increased Revenue, Wika's Profit Falls 37% in 2021

Reza Pahlevi 15/03/2022 17:00 WIB

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Wijaya Karya (Persero) Tbk reported revenue of Rp 17.81 trillion and a net profit of Rp 117.67 billion in 2021.

Wijaya Karya (Persero) Net Revenue and Profit/Loss, 2017 - 2021

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Despite Increased Revenue, Wika's Profit Falls 37% in 2021

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Wijaya Karya (Persero) Net Revenue and Profit/Loss, 2017 - 2021

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Wijaya Karya (Persero) Tbk recorded revenue of Rp 17.81 trillion and net profit of Rp 117.67 billion in 2021. Although revenue increased, the profit of this company, with the stock code WIKA, actually decreased by 37% from Rp 185.77 billion in 2020.

WIKA's revenue increased by 7.7% from Rp 16.54 trillion in 2021. However, WIKA's revenue has not yet returned to pre-pandemic levels, which consistently recorded revenue above Rp 20 trillion.

WIKA's net profit also reached Rp 1 trillion in the period 2017-2019. Specifically, Rp 1.2 trillion in 2017, Rp 1.73 trillion in 2018, and Rp 2.29 trillion in 2019.

WIKA is one of the State-Owned Enterprises (SOEs) operating in the construction sector. Besides WIKA, there are also PT PP, Adhi Karya, and Waskita Karya listed on the Indonesia Stock Exchange (IDX).

Previously, PT PP also released its financial report for the 2021 fiscal year. The company recorded revenue of Rp 16.76 trillion with a net profit of Rp 265.98 billion in 2021.

Editor : Annissa Mutia

"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."