Waskita Beton Precast recorded a new contract of IDR 1.68 trillion until October 2020

ILLUSTRATION. Waskita Beton Precast (WSBP) posted a new contract value of IDR 1.68 trillion until October 2020.

Reporter: Sugeng Adji Soenarso | Editor: Khomarul Hidayat

KONTAN.CO.ID – JAKARTA. PT Waskita Beton Precast Tbk (WSBP) recorded a new contract value of Rp 1.68 trillion as of October 2020. Of this acquisition, 38% of internal contracts and 62% of external contracts.

These external projects include the Binjai-Pangkalan Brandan toll road project, the Aceh-Sigli toll road project, the Prabumulih-Muara Enim toll road project, and other projects.

In the current pandemic situation, WSBP has a business strategy, one of which is business expansion by expanding external markets. Waskita Beton Precast targets a new contract value until the end of 2020 of IDR 5 trillion. A total of Rp. 3.3 trillion of which came from external projects in Java and Sumatra, while the rest came from internal projects.

“We are able to continue to increase the portion of the external contract value. Of course, with the innovation of Waskita Beton Precast products that always adjust to market demand,” said Director of Waskita Beton Precast, Moch. Cholis Prihanto in an official statement, Monday (23/11).

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In addition to business expansion, Cholis added, WSBP has compiled several business strategies for 2020-2021. “To support the sustainability of the company’s business, we have compiled several business strategies, including business expansion, new products, efficiency, and restructuring of banking facilities,” he continued.

WSBP is always committed to continuously producing new products. Some of the new products include rail bearings, tetrapods, precast concrete piles, rigid hardening systems, and reinforced concrete pipe. Companies also make efficiency through shared resource and command center.

“We will carry out an integrated resource management. In addition, we will also conduct clustering of business units that are located close to each other, so that it will be more efficient, ”said Cholis.

Not only that, WSBP also carried out a collaborative strategy, namely by maximizing the resources of other parties to optimize operational efficiency.

The financial condition of Waskita Beton Precast is still quite good when viewed from the interest-bearing debt ratio (gearing ratio) and current ratio (current ratio) where the interest-bearing debt ratio as of September 2020 is 1.04x (covenant 2.5x), and the current ratio is 1.31x. This shows that WSBP still has a sufficiently large capacity for funding space and is still able to meet its short-term debt.