“We have fulfilled our payment obligations through CFADS with a total value of IDR106.36 billion, an increase of IDR21.78 billion compared to the previous stage. We continue to strive to carry out payment commitments in accordance with the agreement that has been set,” said Fandy Dewanto, VP of Corporate Secretary.
The CFADS stage 5 payment includes payments to financial creditors (banks) amounting to IDR 36.29 billion, payments to trade creditors (vendors) registered in PKPU amounting to IDR 66.81 billion, bond interest payments amounting to IDR 3.27 billion and payments to other financial creditors amounting to IDR 33.74 million.
To date, WSBP has completed payments in five stages, all of which were made on time in accordance with the agreed agreements. The source of funds for this payment comes from operating revenues, both from the supply of readymix and precast products, construction services, equipment rental, and asset disposal proceeds.
“We are committed to continuing to fulfill obligations to creditors in accordance with the agreed peace agreement. The increase in the amount of payment in this fifth phase shows our strong commitment in maintaining the trust of all stakeholders,” he added.
WSBP will continue the next CFADS payment on September 25, 2025, which is six months after this fifth payment. This payment is made in accordance with the agreed schedule, as part of WSBP's commitment to fulfill its financial obligations.
Going forward, WSBP targets to improve performance by seeking new contracts supported by a healthy financial condition. In addition, WSBP always strives to implement good corporate governance and risk management in every business process to support sustainable growth.
Reporter: PR Wire
Editor: PR Wire
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