CTRA – 1Q20: Low Income and Margin Suppressed Profit
CTRA’s development and recurring income weakened by 11% and 2%, respectively, making CTRA revenue in 1Q20 declined by 8.3% YoY.
WSKT – Sluggish Construction, FY19’s Outlook Is Grim
WSKT in 2019 obtained new contract of IDR26 trillion equal to 57.8% of the target as FY19’s revenue and profit accounted for IDR31.4 trillion (-36% YoY) and IDR938 billion (-76% YoY), respectively. The divestment of its two toll-road sections had yet to result in the positive growth of bottom-line and top-line. Conversely, turnkey project payments of IDR9 trillion turned FY19’s cash-flow performance into positive. WSKT in 2020 targets to divest its six toll-road sections to spur revenue and cash-flow performance.
Company Report | Pakuwon Jati Tbk Banks on Mixed-Use Projects
PWON secured 3Q19’s revenues of IDR1.7 trillion slightly sliding by 6.3% from IDR1.8 trillion in 3Q18 as recurring income contributed IDR955 billion to PWON’s 3Q19 revenues.
