In 2024, WSBP booked an operating income of Rp1.97 trillion. The Precast line contributed the highest portion of Operating Revenue at 44%, followed by the Readymix & Quarry line at 35%, and Construction Services at 21%. This positive performance is also proof that WSBP is able to maintain competitiveness and continue to innovate in providing integrated construction solutions in Indonesia.
“We are very grateful for this positive achievement. The revenue contribution from all business lines shows that the business strategy we have implemented is running well and is able to answer market needs.” said Fandy Dewanto, VP of Corporate Secretary.
Revenue growth in WSBP's Precast line experienced a significant jump of 60.29% compared to the previous year. Demand for WSBP's precast concrete products is much needed for various large infrastructure projects in Indonesia such as toll roads, bridges, waters, buildings, namely the Serang-Panimbang Toll Road Construction Project Section III (Cileles-Panimbang) Phase 2 Package 3, Patimban Access Toll Road Construction Project PO 2, NCICD Coast Guard Construction Project Phase A Location 1 Package 2, Mbay Dam Construction Project Package 1, Sorong Modern City Mall Construction, and many other projects.
The demand for WSBP precast products can be welcomed by the company due to the readiness of large production capacity with WSBP Precast Plants spread across various strategic areas of Indonesia. Currently, WSBP operates a number of precast plants that can supply to all project areas in Indonesia with a precast concrete production capacity of 3.7 million tons per year, including Precast Plant WSBP Gasing, Precast Plant WSBP Karawang, Precast Plant WSBP Subang, Precast Plant WSBP Prambon, and a number of other WSBP Precast Plants. This large production capacity with a spread of production locations allows WSBP to serve projects more efficiently, both in terms of delivery time and logistics costs, and provides a competitive advantage in reaching a wide national market.
Meanwhile, the Readymix & Quarry line also showed positive performance with revenue growth of 17.53%. This increase was in line with the increase in Readymix NKB derived from supplies to various construction projects, including the Palembang-Betung Toll Road Construction Project Section 3, Musi River Bridge Structure Construction Project, Jakarta LRT Construction Project Phase 1B (Velodrome-Manggarai), Bener Purworejo Dam Construction Project Package 2, Palu IV Bridge Reconstruction Project, as well as a number of other important infrastructure projects.
The Construction & Installation Services line also experienced revenue growth of 15.47%. This growth was driven by WSBP's success as a contractor in large-scale infrastructure projects, such as the Container Yard (CY) Construction Project and Supporting Infrastructure for Batu Ampar Container Terminal (TPK) Batam, the Islamic Unity University (UNIPI) PERSIS Bandung Construction Project, and the Enim Bridge 1 - Enim Bridge 2 Retaining Wall Construction Work.
“This growth is inseparable from our commitment to continue providing high-quality products and satisfactory services with optimal timeliness. We continue to strengthen our production capacity, distribution, and innovation to support various infrastructure projects,” he added.
Seeing the positive performance achieved in 2024, WSBP set a revenue growth target for 2025 of 10%-15%. This target is based on projected revenue growth in all lines of business, as well as operational strengthening strategies, and efficiency that the company continues to optimize.
“We see positive opportunities in 2025 and continue to strive to achieve the growth targets that have been set. With careful planning, increased efficiency, and the support of all stakeholders, we are optimistic that we can achieve the best results,” he concluded.
With the achievements and targets that have been set, WSBP is optimistic that it can continue to contribute to national infrastructure development and provide added value to all stakeholders, in line with the achievements and targets that have been set. This commitment is realized through good corporate governance and measurable risk management, to ensure every step is taken with the principle of prudence and oriented towards sustainability.
Reporter: PR Wire
Editor: PR Wire
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