Over Target, Waskita Pockets 15.7 Trillion December 2022 Term Payments

Over Target, Waskita Pockets 15.7 Trillion December 2022 Term Payments

Jakarta, January 11 2023, PT Waskita Karya (Persero) Tbk. (Stock Code: WSKT) succeeded in accelerating the payment of project terms of IDR 1.4 trillion throughout December 2022. In total for December 2022, the company recorded disbursements of IDR 15.7 trillion, exceeding the target total target disbursement of IDR 10-15 trillion in 2022.

Direktur Keuangan dan Manajemen Risiko PT Waskita Karya (Persero) Tbk, Wiwi Suprihatno mengatakan bahwa Pencapaian ini merupakan hasil dari keberhasilan implementasi Account Receivable War Room sebagai salah satu bagian transformasi Bisnis Waskita yang telah dilaksanakan sejak September 2021.

“Hal ini sebagai bukti kami kepada owner pemberi pekerjaan, bahwa dengan percepatan pembayaran termin proyek, sangat berdampak pada progres pekerjaan proyek dapat selesai dengan tepat waktu. Sepanjang tahun 2022 kami sudah melebihi target Rp10-15 triliun, semoga target tahun 2023 bisa melebihi dari tahun kemarin,” paparnya.

The allocation of liquid terms is 62% of the received terms which will be allocated to reduce the level of working capital credit debt, fulfill MRA (Master Restructuring Agreement) financial obligations, pay current vendors and pay tax obligations. While the rest will be used for the Company's operations.

Through this Collectability, the Company seeks to continue to reduce debt levels and also maintain the level of adequacy of working capital for ongoing projects so that Waskita's performance targets by the end of 2022 can be achieved.

"The company will continue to be committed to improving cash flow conditions, reducing financial obligations, and ensuring adequate funding for ongoing projects," concluded Wiwi.

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Waskita Karya

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