WIKA booked an income of IDR16.53 trillion (-39% YoY) in FY20. Margins were recorded lower than FY19, with additional financial costs that increased by 38%, suppressing FY20 profit down by 92% to IDR186 billion. New contract acquisition in FY20 reached 109% from target. New contracts from the infrastructure and construction fell 67% YoY. Meanwhile, to fund signed projects, WIKA needs to pay close attention to the leverage capacity that increased in FY20.
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