State construction firms' revenue predicted to rise
State construction firms' revenue predicted to rise
JAKARTA (JP): Minister of Public Works Radinal Moochtar
predicted that the revenue of 19 state enterprises under the
supervision of his ministry would increase by 22 percent to Rp
5.34 trillion (US$2.22 billion) this year, from Rp 4.39 trillion
last year.
Radinal said the increase in revenue would be generated mainly
by the new business operations conducted by several companies
which had engaged in diversification.
"Some construction companies are expanding their businesses
into the property and building materials industry," he was quoted
by Bisnis Indonesia daily as saying over the weekend.
He predicted that PT Pembangunan Perumahan, which operates
mainly in the construction business, would generate the largest
revenue among the state companies under his ministry's
supervision.
PT Pembangunan Perumahan is expected to record Rp 1.045
trillion in revenue.
PT Pembangunan Perumahan has established several joint
ventures, including PT PP-Taisei and PT Inti Karya Persada
Technique, he said.
Infrastructure construction company PT Wijaya Karya is
expected to increase its revenue to Rp 689.6 billion, he said.
He said the company had also set up joint ventures, including
Wika NGK Insulator, Percon-Wika Concrete, PT Kias Inter Trada and
PT Sinarwijaya Ekapratista.
Radinal predicted that PT Waskita Karya's revenue would reach
Rp 626.1 billion.
He projected the revenue of public housing developer Perum
Perumnas at Rp 586.9 billion, toll road operator PT Jasa Marga at
Rp 585.7 billion, PT Adhi Karya at Rp 570 billion, and PT Hutama
Karya at Rp 470 billion.
PT Hutama Karya has also set up a construction joint venture
with Takenaka Corp. of Japan, called Hutama Takenaka Co.
He also predicted that the revenue of PT Brantas Abipraya
would reach Rp 101.7 billion; PT Istaka Karya, Rp 211.6 billion;
PT Nindya Karya, Rp 266.5 billion; PT Bina Karya, Rp 21.7
billion; PT Indah Karya, Rp 18.2 billion and PT Indra Karya, Rp
15.87 billion. (02)