Adhi Karya (ADHI) Secures New Contracts Rp 4 Trillion at the Beginning of 2024

ISSUER NEWS - JAKARTA.  PT Adhi Karya Tbk (ADHI) got new contract worth IDR 4 trillion in January 2024. 

Based on the disclosure of the Indonesia Stock Exchange (IDX) released on Friday (8/3), ADHI recorded a new contract worth IDR 4 trillion as of January 2024. This figure increased by 106% compared to last year's acquisition.

ADHI's Corporate Secretary, Farid Budiyanto said that the new contract acquisition in January 2024 came from water resource project work by 79%, Building Project 16%, and the rest are manufacturing, property, roads & bridges. 

“Meanwhile, if broken down from the source of funding, it comes from the government by 90% and the rest from private & others,” said Farid, in his statement.

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 Meanwhile, at the end of 2023, ADHI had achieved a new contract acquisition of IDR 37.4 trillion or grew by 58% compared to last year. 

Farid added, currently ADHI continues to make collection efforts, being prudent in selecting each project, disciplined cashflow and excellent operational improvements, as well as the application of appropriate project financing and funding scheme in order to optimize ADHI's performance this year.