A unit of
Of the some IDR 528 billion (€35.97 million/US$38.74 million) capital expenditure by the company, part of it would be used by Wika Beton for the new unit’s capital.
According to Entus Asnawi Muhson, the company’s finance director, a decision on the new subsidiary islikely to be made in early 2016,
The unit, which aims to cater to a rise in demand for moulds and precast concretes, will be located in East Java.
During July to September 2015, revenues hit some IDR 1.55 trillion, a climb of IDR 650 billion.
During January to September 2015, revenues stood at IDR 891.3 billion, a slip by 46.88% from a year ago.
Net profits reached IDR 51.4 billion, a nosedive of 69.59% from 2014.
