PT PP Presisi Tbk (PPRE) succeeded in increasing the acquisition of new contracts by Rp. 661.9 billion in June 2022. With this addition, the total acquisition of new PPRE contracts has been recorded to reach Rp. 2.74 trillion until June 2022. President Director of PT PP Presisi Tbk, Rully Noviandar said that this amount was equivalent to 47% of the target for obtaining the Company's new contract in 2022 of Rp 5.9 trillion.

"This certainly proves that the Company is able to compete in the external market and opens up opportunities for us to acquire a wider market and improve the Company's positioning as a main contractor in the construction and mining services sector," said Rully, Saturday (9/7/2022). Based on the business line category, he said, the acquisition of new contracts was still dominated by civil work by 55.95% and mining services by 40.22%, where the two business lines are the Company's main business lines.

While the rest was obtained from supporting business lines, namely structure work, production plant and heavy equipment rental of 3.83%. For the addition of new contracts by employer, the external market (Non PP Group) was dominated by 95.8% and the internal market (PP Group) at 4.2%.

"This achievement increases our optimism in achieving the target of obtaining new contracts, in addition to the Government's support in increasing the budget for land acquisition for toll road acquisition in order to accelerate the completion of toll roads, there is also a great opportunity for the Company as a heavy equipment-based construction company with the engineering capacity we have to increase the acquisition of new contracts and the Company's profit," he explained.

He hopes that all the new contracts obtained can produce a high burn rate so that it can generate sales optimally and achieve the targets set by the Company for 2022.

Source: https://www.cnbcindonesia.com/market/20220709194702-17-354333/pp-presisi-peroleh-kontrak-baru-rp-274-t-di-semester-i-2022