PTPP had a declining performance in FY20. Revenue and profit fell 36% YoY and 86% YoY. Meanwhile, PTPP managed to acquire new contracts worth IDR22.26 trillion or 87% of its target. This year, PTPP will focus on gaining new contracts from the infrastructure segment which projected to grow 107.25% YoY. We estimate this year’s contract achievement to increase by 26.7% YoY.
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