JAKARTA. Some construction state owned enterprises (SOEs) and their subsidiaries have released financial reports. The reports show that those SOEs have succeeded to show improvement in their performance. One of the construction SOEs, which show the significant performance improvement, is PT Waskita Karya Tbk (WSKT). Along the year of 2016, the income of WSKT increased by 68% to Rp 23.7 trillion compared with 2015. During the same period, the net profits of the company also increased by 64% to Rp 1.71 trillion. Almost similarly with its parent company, the income of PT Waskita Betom Precast Tbk (WSBP) increased by 78% to Rp 4.7 trillion, while the net profits have hiked by 90% to Rp 634 billion.
Construction SOEs relied on the old projects
JAKARTA. Some construction state owned enterprises (SOEs) and their subsidiaries have released financial reports. The reports show that those SOEs have succeeded to show improvement in their performance. One of the construction SOEs, which show the significant performance improvement, is PT Waskita Karya Tbk (WSKT). Along the year of 2016, the income of WSKT increased by 68% to Rp 23.7 trillion compared with 2015. During the same period, the net profits of the company also increased by 64% to Rp 1.71 trillion. Almost similarly with its parent company, the income of PT Waskita Betom Precast Tbk (WSBP) increased by 78% to Rp 4.7 trillion, while the net profits have hiked by 90% to Rp 634 billion.