JAKARTA - PT Waskita Beton Precast Tbk (WSBP) will only manage to attain 80% of total new contract target of 2023 at the end of this year. It is a result of its prudence in selecting projects to be handled, considering its financial condition that has been struggling since last year.

Until the end of September 2023, WSBP booked new contracts worth IDR 1.15 trillion. It only reaches 40% of total target set earlier this year, of IDR 3 trillion.

“However, we are optimistic that we may reach 80% until the end of this year,” said Bambang Dwi Wijayanto, Director of Business Development of WSBP, during the virtual Annual Public Expose 2023 of WSBP today (12/12).

Furthermore, Wijayanto said that until November 2023, WSBP had recorded new contracts worth up to IDR 1.3 trillion. Meanwhile, new contract projection as of Q3 2023 has been revised to IDR 2.1 trillion.

Wijayanto also mentioned that the unachieved new contract target is mostly due to WSBP’s highly selective method in choosing projects in 2023. “We also focus more on external projects,” he added.

It is due to WSBP’s financial position that once struggled, and, until now, is still undergoing debt restructuring process.

In 2024, WSBP projects new contracts reaching up to IDR 2.3 trillion. The projects that will be secured to achieve the target are still IKN-related. “As well as Jambi toll road, Palembang toll road. We also eye LRT and MRT projects, and toll roads in Jabodetabek,” Wijayanto continued.

“We also prepare to enter industrial zones in Indonesia, such as Bulungan, Batam, and Batang,” said Wijayanto. (ZH)