WIKA Revenue Rises 8% YoY to Rp17.81 Trillion in 2021


Jakarta - Wijaya Karya Tbk recorded net revenue growth throughout 2021 of around 7.69% to Rp17.809 trillion compared to the previous year of Rp16.536 trillion.

According to the company's financial report released on Monday (14/3), the cost of revenue increased by about 7.35%, reaching Rp16.115 trillion from Rp15.011 trillion.

In addition, the company reduced its operating profit by approximately 23.30%, to Rp1.122 trillion from Rp1.463 trillion. The trigger was the low achievement of other income that more than doubled or became Rp1.277 trillion from Rp3.202 trillion.

In addition, the loss share of associates increased more than eight times or became Rp28,885 billion from Rp3,458 billion.

As a result, net profit attributable to owners decreased by around 36.65% to Rp117.666 billion from Rp185,766 billion.

However, WIKA was still able to achieve joint venture entity profits of around Rp672.372 billion, increasing 42.39% from Rp472



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