JAKARTA. PT Adhi Karya (Persero) Tbk (ADHI), a state-owned building construction company, managed to record new contracts worth IDR 12 trillion until July 2024.

ADHI’s new contracts until July 2024 were dominated by building projects of 50%. Then, water resources projects followed with 29%, surpassing road and bridges of 9%, while the remaining portion came from property and manufacture projects.

Meanwhile, in terms of contract source, government-commissioned projects contributed 81% of total new contracts of ADHI until July 2024. The remaining 19% came from private sector.

In the Public Expose Live 2024 of ADHI today (28/8), the management of ADHI said that the revenue hit IDR 5.7 trillion until June 30, 2024, while the net profit was recorded at IDR 13.8 billion.

Until 2.09 PM WIB, ADHI’s price weakened 2 points or 0.67% to IDR 300 per share. However, since the beginning of this year, its stock price has gone down 18 points or 5.66% from IDR 318 per share. (KR/ZH)