Tag: PT Hutama Karya

Deleveraging Hutama Karya

PT Hutama Karya, the state-owned EPC firm tasked to develop trans-Sumatra toll road, booked net profit of Rp1.07 trillion last year, skyrocketed 255% from 2016, thanks to stronger sales revenue. The Company’s balance sheet, however, has reached an alarming stage with liabilities to equity ratio of 470%.

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