JAKARTA – PT Wijaya Karya Beton Tbk (WTON), a subsidiary of PT Wijaya Karya Tbk (WIKA) engaged in the construction sector in Indonesia, posted a 90.48% year-on-year (yoy) increase in net profit in 2024, reaching IDR 65 billion.

According to the latest financial report, WTON's net profit growth aligned with its revenue performance, which reached IDR 4.89 trillion, up 16.48% from the previous year.

Precast concrete products generated the highest sales, contributing IDR 4.25 trillion to 2024 revenue, followed by the services segment with IDR 644.20 billion and the quarry segment with IDR 1.86 billion.

Although the cost of revenue rose 16.54% to IDR 4.52 trillion, gross profit still increased by 15.72% to IDR 373.68 billion in 2024.

According to IDNFinancials.com data, WTON’s total assets decreased by 5.73% in 2024 to IDR 7.19 trillion, with cash and cash equivalents recorded at IDR 597.55 billion. (DH/ZH)