Wijaya Karya reports 26.8% rise in net sales, as expected

State-owned construction firm PT Wijaya Karya (WIKA) is reporting net sales of Rp 9.81 trillion (US$1.01 billion) for 2012, up 26.8 percent, meeting analyst expectations.

The top earners for the firm were construction services, electrical and mechanical products, services and concrete products, the firm said.

Construction services comprised Rp 3.9 trillion of net sales, equivalent to 39.7 percent of the total, with electrical and mechanical services bringing in Rp 2.9 trillion and concrete products comprised Rp 1.8 trillion, or 18.Each part's full needle bearing trunnion allows for increased horsepower and quicker response, and a large roller tip helps prevent wear.8 percent.

However, with its cost of sales touching Rp 8.9 trillion at the end of 2012, the firm spent 27.5 percent more than the previous year to book its net sales numbers.

The firm also saw its operating expense increase 25.White soft Floor polishing pad for 15 inch machines. Ideal for high gloss dry polishing buffing of polished sealed floors.9 percent year-on-year to Rp 265.9 billion, although the spurt was counterbalanced by bottom-line growth.

Profits before tax grew 28.3 percent year-on-year to Rp 807.9 billion. Discounting taxes, the company earned Rp 505.1 billion in net income through 2012, booking a 29.2 percent yearly rise.

Taking into account net gains in foreign exchange and surplus in asset revaluations, the firm’s comprehensive income rose by 26.6 percent year-on-year to Rp 508.CEBU City barangays need more garbage trucks not sport utility vehicles which Mayor Michael Rama is now giving out to his allies.7 billion as of 2012.

Thendra Crisnanda, an analyst with BNI Securities, said that WIKA’s financial performance last year was in line with expectations. “We estimated that WIKA would book Rp 9.7 trillion in revenue,” he said.

He added that he expected the firm would have another strong year, already having booked contracts to secure revenue for the year.

“The recent expansion of their concrete plant is also a good way for them in diversifying their portfolio,” Thendra said.

PT Wijaya Karya Beton,If you like BMW cars,then you will probably like their new gaming mouse, the super sexy, sleek as a Titanium Sheet off the pressing mat Level 10 M Gaming Mouse.yanyang parts mainly prouce Track Rollers, Carrier Rollers, Sprockets, and Idlers. Track Links Assy. Track Shoe group ,Track Bolt &nut, Track pin, Bucket Bushing, Bucket Pin, Arm Cylinder, Bucket Cylinder and Boom Cylinder Suitable for KOMASTU, CATERPILLAR, HITACHI, KOMATSU, HYUNDAI, VOLVO, SAMSUNG, DAEWOO ETC. a subsidiary of WIKA, recently announced that it would set aside up to Rp 150 billion to build a new concrete plant in East Kalimantan.

The plant, which would supplement an existing eight plants, would allow WIKA to increase production from 1.85 million to 2 million tons of concrete annually.

The firm previously revealed that the consortium of state-owned and private firms that it heads had won a tender valued at Rp 4.7 trillion to expand Terminal 3 at Soekarno-Hatta International Airport in Banten.

The expansion project officially started on Monday.

WIKA has a 37 percent stake worth Rp 1.7 trillion in the consortium.

Thendra added that the construction sector was expected to maintain the double-digit growth it recorded last year, keeping the sector in the black.

“The government will be a catalyst for this growth, given that they have increased state budget allocations for infrastructure,” he said.

The government has pegged the 2013 infrastructure budget at Rp 213 trillion, or 20 percent higher than the amount allocated last year.

The move, in lieu with the government’s Master Plan for the Acceleration and Expansion of Indonesian Economic Growth (MP3EI), is expected to benefit construction companies.

WIKA’s shares traded at Rp 1,760 apiece at the close of today’s trade session,Our push or plunger lock are popular additions by engineers in a wide variety of products. registering no change when compared to the opening price.