JAKARTA – PT Waskita Beton Precast Tbk (WSBP) has set the capital expenditure (capex) budget of 2023 to IDR 80 billion, which will be utilised selectively to enhance its productivity. According to the Board of Directors of WSBP, most of the capex will be spent on projects in Nusantara Capital City (lit. Ibu Kota Nusantara/IKN).

During the Incidental Public Expose today (15/3), Asep Mudzakir, Director of WSBP, announced that WSBP plans to support the progress of IKN by supplying modular precast concretes to IKN. “The contract have been made, and the materials have been prepared,” he added. On top of those, WSBP will also provide ready-mix supply for toll roads in IKN. In total, the project value of new contracts in IKN will reach IDR 250 billion, all is set to be completed in 2024.

In 2023, WSBP aims to score IDR 2.3 trillion of revenue and IDR 300 billion of gross profit. For further reference, until September 2022, WSBP managed to record IDR 1.4 trillion of revenue and IDR 207 billion of gross profit.

WSBP is known to be currently under the trading suspension in Indonesia Stock Exchange (IDX) following its Suspension of Debt Payment Obligation (PKPU) lawsuit. However, it will soon initiate its debt and obligation restructuring process, paying bank a total of IDR 8.8 trillion of financial obligations gradually in various schemes. (ZH)