Welcome!

Apache Authors: Liz McMillan, Pat Romanski, Elizabeth White, Christopher Harrold, John Mertic

News Feed Item

PTPP Projects Third Quarter 2012 Net Profit to Jump 73%

Jakarta, Indonesia, Nov 12, 2012 - (ACN Newswire) - PT PP (Persero) Tbk (IDX: PTPP), a leading Indonesian construction and investment company, projected its Net Profit through the third quarter of 2012 at Rp.105,4 billion, growing 73% as compared to Rp.60,9 billion for the same period last year. The growth resulted from an increase in revenues of 34% and with the support of innovation and efficiency programs continually implemented by the company.

A Certified Public Accountant is auditing the complete Financial Statements in relation to the company's plan to issue Bonds in the first quarter of next year.

The greatest contribution to the revenues of the company came from the construction sector followed by the EPC sector, while in terms of project ownership, business came from Government and State-Owned Enterprises(81%) and the private sector (19%).

New contracts through September 2012 amounting to Rp.15,2 trillion included Surabaya Educity Apartment, Pluit Landmark, Kualanamu Airport, Muara Labuh - Sumatra Geothermal Power Plant (PLTP) and 100 MW Gas-Turbine Power Plant EPC project in Duri Pekanbaru, Sumatra, Jalan Papua. The largest gain derived from PT Pelindo II for the "New Tanjung Priok" or Kalibaru port project, amounting to Rp.8,2 trillion.

In the EPC (Engineering, Procurement and Construction) sector, the company executed several Power Plant and Mining projects including a 65 MW Gas-Fired Power Plant (PLTG) in Talang Duku Palembang, a 2x7 MW Steam Power Plant (PLTU) in Central Lampung, a 3X40 MW Combined Gas-Steam Power Plant (PLTGU) in KDL Cilegon, a 100 MW Gas-Turbine Power Plant (PLTMG) in Duri Riau and a 90 MW Gas-Turbine Power Plant (PLTMG) in Sei Gelam Jambi, the first micro-gas-turbine power plant project ever in Indonesia, to be completed in May 2014. The executed EPC in the Mining sector include Jetty, Barge Loader & Conveyor - Jembayan, Serakaman Sebuku, and Berau Coal Suaran, all of which are located in Kalimantan.

For the result of investment of the company in the 65 MW Gas-Fired Power Plant (PLTG) in Talang Duku Palembang, the company participated by contributing electricity during the Sea Games event sometime ago, and the recurring income from the project was realized this year.

The company's participation in infrastructure development is considerably high, including the construction of 6 Airports, i.e. Sepinggan Airport in Balikpapan, Ngurah Rai Airport in Bali, Juata Airport in Samarinda, Sultan Taha Airport in Jambi, Supadio Airport in Pontianak, and Kualanamu Airport in Medan for an Airport Railway Station package, and the construction of seaports, such as Bayur Bay in Western Sumatra, Lamong Bay in East Java, Kariangau Pier in Kalimantan, New Tanjung Priok in Jakarta and some highways.

"Our growth strategy focuses on the growing performance of four business pillars: Construction, Property, EPC and Investment with the support of innovation and efficiency program, development of Human Resources, sound financial condition, risk management and implementation of Good Corporate Governance", explained Bambang Triwibowo, the President Director of PT PP.

About PT PP (Persero) Tbk

PT PP (Persero) Tbk (IDX:PTPP) is a leading Indonesian Construction, Property and Infrastructure Company, and one of the largest state-owned construction companies in Indonesia, established in 1953. Among the projects completed by PT PP are Hotel Indonesia, People's Consultative Assembly / House of Representatives Building, Balerang Cable Stayed Bridge Tonton, Tanjung Perak Port and several skyscrapers in the primary business district area in Jakarta. PTPP has consistently maintained an annual profit growth of 25% - 30%. For more information, please visit http://www.pt-pp.com/.


Source: PT PP (Persero) Tbk

Contact:
Betty Ariana
Corporate Secretary
PT PP (Persero) Tbk
Tel: +62-21-877-84137




Copyright 2012 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, Cloud Expo and @ThingsExpo are two of the most important technology events of the year. Since its launch over eight years ago, Cloud Expo and @ThingsExpo have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, I provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading the...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets. By creating abundant, high-quality editorial content across more than 140 highly targeted technology-specific websites, TechTarget attracts and nurtures communities of technology buyers researching their companies' information technology needs. By understanding these buyers' content consumption behaviors, TechTarget creates the purchase inte...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
SYS-CON Events announced today that SD Times | BZ Media has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and commercial UAV markets.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...