PTPP Raises Revenue Of IDR 8.79 Trillion To Quarter II-2024, Up 9.28 Percent

Rupiah (Photo: Antara)

JAKARTA - Construction issuer, PT Pembangunan Perumahan (Persero) Tbk (PTPP) noted, operating income of IDR 8.79 trillion until the second quarter of 2024. This figure increased by 9.28 percent on an annual basis or year on year (yoy).

In addition, PTPP also recorded an increase in operating profit of 16.77 percent year on year (yoy) with an achievement of IDR 1.14 trillion.

PTPP Finance Director Agus Purbianto said that until August 25, 2024, PTPP had a new contract value of IDR 17.38 trillion. The contract value is sourced from government funds of 38 percent, 38 percent from the private sector and 24 percent from BUMN.

"And it is dominated by road and bridge sector projects by 54 percent, buildings 28 percent, industry 14 percent and the rest comes from dams, ports and others," Agus said at the Public Expose 2024, Wednesday, August 28.

Agus said that his party will continue to maintain existence by maintaining its best performance. Among other things, by maintaining the quality aspect and strengthening risk management.

"And proper financial management is the company's top priority in dealing with the business world situation, especially the construction sector which is very challenging with various micro and macro dynamics that exist," he said.

In addition, Agus said, his party will also focus on implementing the company's strategy, namely strengthening construction core business in order to achieve the year-end target and always be committed to implementing good corporate governance.

"Currently, the company's focus is optimizing the company's performance in order to achieve the target by the end of 2024," he added.