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As Of The Third Quarter Of 2024, PP Has Achieved A Net Profit Of IDR 267 Billion
Saturday, 23 Nov 2024
As of the third quarter of 2024, one of the state-owned enterprises, PT PP (Persero) Tbk (PTPP), has successfully recorded a net profit of IDR 267.28 billion. This achievement reflects an annual increase of 11.49 percent compared to the same period last year. Additionally, PTPP's operating revenue has risen by 14.54 percent year-on-year, reaching IDR 14 trillion, which is slightly higher than the figures reported in the third quarter of 2023.
It is noteworthy that PTPP's net profit surpasses that of other state-owned enterprises in the construction sector. For instance, Adhi Karya reported a net profit of IDR 69.3 billion in the third quarter of 2024. Regarding contracts, by October 2024, PTPP has secured a total contract value of IDR 24.4 trillion from various projects. Among these, the Jogja–Bawen Toll Road Project Section II stands out with a substantial contract value of IDR 1.53 trillion, awarded as of October 2024. The positive results achieved by PTPP underscore the company's commitment to continuous growth and active participation in Indonesia's infrastructure development.
The diverse sources of net profit from various segments indicate that the company has effectively diversified its business, contributing to favorable financial report outcomes. PTPP's Corporate Secretary, Joko Raharjo, acknowledged the numerous challenges present in the construction sector.
He stated that maintaining revenue and growth within a positive framework is not an easy task, especially amidst the various challenges faced in the construction industry. "However, PTPP continues to adjust its strategies to confront these challenges, ensuring the company remains in an optimal condition," Joko explained. He expressed hope that the company's financial situation would continue to improve as the year comes to a close. "We aspire for PTPP to enhance its contributions to various strategic projects in Indonesia, thereby achieving equitable economic growth," Joko concluded.
