Welcome!

Apache Authors: Pat Romanski, Liz McMillan, Elizabeth White, Christopher Harrold, Janakiram MSV

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
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at 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. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at 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. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
SYS-CON Events announced today that T-Mobile will exhibit at 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. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
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 IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
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.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at 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. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that Hitachi Data Systems, a wholly owned subsidiary of Hitachi LTD., will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City. Hitachi Data Systems (HDS) will be featuring the Hitachi Content Platform (HCP) portfolio. This is the industry’s only offering that allows organizations to bring together object storage, file sync and share, cloud storage gateways, and sophisticated search an...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at 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. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...