WSKT has collected new contracts worth Rp6.05tn in 1H13

WSKT: Waskita Karya (WSKT) has collected new contracts worth Rp6.05tn in 1H13, increasing by 8.61% from 1H12 which amounted to Rp5.57tn. The investor relation said that WSKT earned revenue of Rp3tn in 1H13, higher than that in 1H12 which stood at Rp2.72tn. Its net income increased from Rp36.94bn in 1H12 to Rp56.63bn in 1H13. WKST is optimistic with this year's performance. Going forward, it will enlarge its power plant business by forming a joint venture with PT Shalawat Power named PT Waskita Sangir Energi, with WSKT holding 85% stake. They will start building the mini hydro power plant this September. Moreover, WSKT is targeting to acquire new EPC projects worth Rp1.09tn this year. (Kontan)