JAKARTA - The state-owned construction issuer, PT Wijaya Karya Beton Tbk (WTON) admitted that he was confident that he could record profit growth in 2024 after previously experiencing a decline in profit of 79.05 percent in 2023.
WTON Finance Director Syailendra Ogan admitted that actually during 2023 and 2022 WTON experienced a little pressure so that last year's profit decreased from the previous Rp162.91 billion in 2022 to Rp34.12 billion in 2023.
"But for 2024 we are sure that we have the RKAP bottom at 76 billion, we believe we can still fulfill this target and grow from 2023," he said in a Public Expose Live, Thursday, August 29.
Syailendra also admitted that he was optimistic that in terms of revenue and sales in 2024 it could exceed the achievements in 2023.
During the first semester of 2024, WTON managed to pocket revenue of IDR 2.19 trillion with a net profit of IDR 16 billion or grew by IDR 45.4 percent compared to the net profit of the same quarter in 2023.
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Based on the company's financial statements, throughout 2023 WTON posted a net income of IDR 4.20 trillion, down from 2022 which was recorded at IDR 6.03 trillion.
He further added, for 2024, his party is still focusing on the company's main business in the precast sector so that the company admits that it does not have an expansion plan this year.
"Indeed, we have not carried out expansions that are outside of our main business for 2024," he concluded.
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