Hutama Karya Records Operating Revenue Of IDR 12.8 Trillion Throughout Semester I-2023

Illustration (Photo: Doc. Antara)

JAKARTA - PT Hutama Karya (Persero) recorded operating revenues of IDR 12.8 trillion during the first semester of 2023.

This revenue increased 54 percent compared to the same period last year.

One of the biggest contributors to revenue is the toll road construction service sector, which managed to record revenue of IDR 8.16 trillion.

Meanwhile, the company's total assets increased by 14.6 percent to Rp146.58 trillion on an annual basis (yoy).

Not only in terms of revenue, the Company also posted a realization in EBITDA of IDR 1.97 trillion or an increase of 38 percent from the Semester I-2023 target of IDR 1.42 trillion.

Director of Finance & Risk Management Hutama Karya, Eka Setya Adrianto said, this achievement is in line with the improvement of economic conditions, especially those that contribute to traffic growth in the Trans Sumatra Toll Road (JTTS) sections.

"This shows a positive performance for Hutama Karya in facing economic challenges and improving the company's performance in the midst of improving economic conditions that support the growth of the infrastructure sector, especially in JTTS," said Eka Setya in his official statement, Wednesday, August 2.

Hutama Karya's new contract until the first semester of 2023 reached IDR 15.80 trillion or grew 171 percent on an annual basis (yoy).

There are a number of segments that make the largest contribution to the Company's new contract acquisition, including those from the road and bridge sectors of 88.76 percent, followed by the building sector of 3.76 percent.

The company is also known to be working on large projects, such as the IKN Toll Road project access 3A Karangjoang-KKT Kariangau and the Coordinating Ministry (Kemenko) 2 Building Project at IKN.

Hutama Karya has also started working on the Bayung Lencir-Tempino- Jambi Toll Road Section 3, as well as the Jakarta Sewerage Development Project Package 6.

Therefore, SOE projects still dominate the acquisition of Hutama Karya's new contract with a contribution of 77.22 percent, followed by the government at 19.59 percent, and the private sector at 3.19 percent.

In addition, Hutama Karya also managed to achieve equity growth of IDR 85.91 trillion, an increase of 59 percent on an annual basis (yoy) and corporate liabilities which reached IDR 13.13 trillion.

According to Eka Setya, Hutama Karya's success in increasing equity and reducing its liabilities indicates the company's positive performance and sustainability in managing finances well.

Furthermore, he said, this reflects the company's efforts to achieve sustainable growth, as well as its ability to face economic and industrial challenges.

"This achievement is also inseparable from the transformation and financial improvement carried out by the company, one of which is through the completion of investment cooperation with INA for the management of two JTTS sections, namely the Medan-Binjai Toll Road and the Bakauheni-Terbanggi Besar Toll Road," he concluded.