PTPP, State-Owned Construction Company with the Highest Profit in Q1 2024

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Adi Ahdiat 10/07/2024 09:00 WIB

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PTPP became the state-owned construction company (BUMN Karya) with the highest profit in the first quarter of 2024, while WIKA experienced the largest loss.

Profit/Loss of State-Owned Construction Companies per Quarter I (2023-2024)

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Profit/Loss of State-Owned Construction Companies per Quarter I (2023-2024)

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State-Owned Enterprises (SOEs) Karya are state-owned enterprises engaged in the construction sector.

Currently, there are four BUMN Karya parent companies listed on the stock exchange, namely PT PP Tbk (PTPP), PT Adhi Karya Tbk (ADHI), PT Waskita Karya Tbk (WSKT), and PT Wijaya Karya Tbk (WIKA).

In the first quarter of 2024, PTPP recorded a net profit attributable to the parent entity of Rp94.6 billion, soaring 176% compared to the first quarter of last year (year-on-year/yoy).

PTPP's profit was the largest among the BUMN Karya group in the first quarter of this year.

Below it is ADHI, whose profit increased by 20% (yoy) to Rp10.15 billion. Meanwhile, WSKT and WIKA experienced significant losses.

In the first quarter of 2024, WSKT's losses swelled by 150% (yoy) to Rp939.55 billion. Then WIKA's losses jumped 117% (yoy) to 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."

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PTPP, State-Owned Construction Company with the Highest Profit in Q1 2024

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PTPP, State-Owned Construction Company with the Highest Profit in Q1 2024

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