PTPP Pockets New Contracts Of IDR 9.37 Trillion Until The Second Quarter Of 2025
JAKARTA - PT PP (Persero) Tbk (PTPP) has obtained a new contract worth IDR 9.37 trillion until the second quarter of 2025.
PTPP President Director Novel Arsyad explained that his party is targeting a total new contract this year of IDR 28.5 trillion. Thus, the realization of contract acquisition until the second quarter of 2025 has reached 32.87 percent of the target to be achieved so far this year.
"And in the second quarter of 2025 Q2 (new contract achievements) amounted to Rp9.37 trillion, with a projection in 2025 of Rp28.5 trillion," he said in a Hearing Meeting (RDP) with Commission VI at the Parliament Complex, Senayan, Jakarta, Tuesday, July 15.
Novel projects that the company will record revenues of IDR 18.25 trillion so far this year. In line with this projection, his party also projects that the company's bottom line performance can reach IDR 157 billion.
"If we project a net profit for 2025 of IDR 157 billion, with an achievement in the first quarter of IDR 72 billion," he said.
On the other hand, PTPP also targets total assets in 2025 of IDR 54.67 trillion with liabilities of IDR 39.62 trillion and equity of IDR 15.05 trillion.
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Meanwhile, throughout 2024, PTPP managed to record a positive profit for the year of IDR 129.4 billion and an increase of 1.85 percent year-on-year (YoY) or compared to the same period the previous year.
PTPP's increase in profit for the current year in 2024 was supported by an increase in operating income in 2024 of 7.30 percent with a total operating income value of IDR 19.81 trillion, as well as from the joint venture profit section of IDR 1.24 trillion, an increase of 84.51 percent from the same period the previous year.