PT Wijaya Karya Tbk (Wika) plans to issue IDR300-400 billion bond as the long term funding resource. The bond issuance is projected to be in semester I/2010.
In 2010 Wika allocated IDR412.6 billion capital expenditure. Some IDR118.6 billion is allotted for the fixed asset investment and the other 294 billion for the business expansion.
Wika capital expenditure this year increases by 28.5 percent as from that of in 2009.
Concerning with the 2010 contracts, Wika targets to tap some IDR20.82 trillion funds or rose 21.1 percent if compared to that of last year.
The proceeds include the carry over 2009 contract worth IDR10.72 trillion. Meanwhile, the new contract target could be worth IDR10.09 trillion.
Most of the targeted projects comes from the government and state enterprises or 64 percent and the other from private projects.
From the amount, the company targets to rake the IDR786.94 billion gross profits or rose 34 percent as from the 2009 RKAP. Wika projects to tap IDR346.39 billion business profits, IDR253.59 billion net profit. Net profit in 2010 has increased by 44.9 percent as from the RKAP last year.
The company projection is the general contractor business sector, development construction, mechanical electrical and energy which provide significant contribution to the new contract target of IDR7.22 trillion.
Meanwhile, for the non construction business sector such as pre-made concrete, property, and trade it targets to provide new contract worth IDR2.87 trillion.
The company aims to get coal mining for the acquisition. With the action, Wika has certain supply of the coal contract gained from PLN.
Wika capital expenditure this year increases by 28.5 percent as from that of in 2009.
Concerning with the 2010 contracts, Wika targets to tap some IDR20.82 trillion funds or rose 21.1 percent if compared to that of last year.
The proceeds include the carry over 2009 contract worth IDR10.72 trillion. Meanwhile, the new contract target could be worth IDR10.09 trillion.
Most of the targeted projects comes from the government and state enterprises or 64 percent and the other from private projects.
From the amount, the company targets to rake the IDR786.94 billion gross profits or rose 34 percent as from the 2009 RKAP. Wika projects to tap IDR346.39 billion business profits, IDR253.59 billion net profit. Net profit in 2010 has increased by 44.9 percent as from the RKAP last year.
The company projection is the general contractor business sector, development construction, mechanical electrical and energy which provide significant contribution to the new contract target of IDR7.22 trillion.
Meanwhile, for the non construction business sector such as pre-made concrete, property, and trade it targets to provide new contract worth IDR2.87 trillion.
The company aims to get coal mining for the acquisition. With the action, Wika has certain supply of the coal contract gained from PLN.
The company now eyes on two private power plant projects of the 10,000 MW second phase program of the PLN. So, Wika has chances to issue global bonds to finance the project.
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