WSKT in 2019 obtained new contract of IDR26 trillion equal to 57.8% of the target as FY19’s revenue and profit accounted for IDR31.4 trillion (-36% YoY) and IDR938 billion (-76% YoY), respectively. The divestment of its two toll-road sections had yet to result in the positive growth of bottom-line and top-line. Conversely, turnkey project payments of IDR9 trillion turned FY19’s cash-flow performance into positive. WSKT in 2020 targets to divest its six toll-road sections to spur revenue and cash-flow performance.
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