PP Precision For A New Contract Revenue Of IDR 2.74 Trillion To Semester I 2022

Illustration. (Photo: Doc. Antara)

JAKARTA - PT PP Precision Tbk (PPRE) added to the acquisition of a new contract of Rp661.9 billion in June 2022. As a result, until June 2022 PPRE has pocketed a total contract acquisition of only Rp2.74 trillion or has reached 47 percent of the company's new contract acquisition target in 2022 of Rp5.9 trillion. Based on the business line, the acquisition of new contracts is dominated by civil work of 55.95 percent, and mining services of 40.22 percent. Where, the two business lines are the company's main business lines. While the rest were obtained from the supporting business lines, namely construction work, production plant, and heavy equity rental of 3.83 percent. The addition of new contracts based on employers is dominated by the external market (Non PP Group) of 95.8 percent and the internal market (PP Group) of 4.2 percent. "This certainly proves that the Company is able to compete in the external market and opens up our opportunities for wider market acquisition and increases the company's positioning as a contractor in the field of construction and mining services," said President Director of PT PP Presisi Tbk, Rully Novidar in his statement, Friday, July 8. This achievement, continued Rully, increased PPRE's optimism in achieving the target of achieving new contracts. In addition, the government's support in increasing the land acquisition budget for toll road acquisition in order to accelerate the completion of toll roads, has also a great opportunity for the company to increase the acquisition of new contracts and profits. "We also hope that all the new contracts we have obtained can generate a high burn rate so that it can generate optimal sales and achieve the company's target for 2022," concluded Rully.