INDUSTRY.co.id - Jakarta, - PT PP (Persero) Tbk, one of the leading construction and investment companies in Indonesia ("Company") managed to record a new contract of approximately Rp. 33.5 trillion up to October 2017.

The achievement reflects new contract growth of 27.4% compared to the same period the previous year amounted to Rp. 26.3 trillion.

"As of October 2017, the Company succeeded in reaching a new contract of 82.5% of the total target set by the Company during this year, amounting to Rp. 40.6 trillion, "Tumiyana President Director of the Company told the media in Jakarta, Monday (27/11/2017).

According to him, the achievement of a new contract amounting to Rp. 33.5 trillion consists of new contract of Induk Company amounting to Rp. 27.6 trillion and Subsidiaries amounting to Rp. 5.9 trillion. Some of the projects that the Company achieved during the month of October, among others: Akavia Semarang Rp. 253 billion, Apartment Darmo Hill Rp. 262 billion, etc.

The ownership composition of the acquisition of the Company's new contract until the end of October 2017 comes from State Owned Enterprises at 61%, Private 29% and Government 10%. While segmentation by type or
type of work, that is building 55%, EPC 16%, 10% Bridge Road and Water Building 10%.

"Looking at the progress of achievement of the new contract until the 10th (ten) month of 2017 this has been reached Rp. 33.5 trillion, the Company is very optimistic that the new contract target of 2017
has been targeted by management at the beginning of the year of Rp. 40.6 trillion can be achieved even exceeded by the end of this year ", continued Tumiyana.