News

PT Bangun Karya Perkasa Jaya Tbk (KRYA) received an official visit from Bank Rakyat Indonesia (BRI) Regional Surabaya which took place on Monday 29/7/2024. This visit is a strategic step in exploring funding potential and providing space for the Company to develop further. During the meeting, the KRYA Board of Directors and Mr. Dupa Nusantara - Regional SME Banking Head & Team from Bank BRI discussed various financial collaboration opportunities expected to positively impact both parties.

It is hoped that this potential funding from BRI will be able to increase KRYA's liquidity, support business, and optimize ongoing construction projects. President Director of PT Bangun Karya Perkasa Jaya Tbk, Mr. Dharmo Budiono, stated, "We are very enthusiastic about the visit from Bank BRI today. This collaboration opens up great opportunities to increase financial stability and strengthen our position in the construction industry. With potential funding support from BRI, we are confident that KRYA's profit projections will be more predictable and focused."

Surabaya, October 30th,2023

PT Bangun Karya Perkasa Jaya Tbk (KRYA), is starting to get back on track and recorded positive performance in the third quarter of 2023. Dharmo Budiono - President Director of PT Bangun Karya Perkasa Jaya Tbk said, "All company performance indicators in the third quarter of 2023 have returned to the right track, after previously experiencing pressure in the second quarter of 2023". Dharmo Budiono is also optimistic and projects that KRYA's performance, especially in terms of revenue, will reach its peak in the first quarter of 2024.

Balance Sheet

KRYA's assets in the third quarter of 2023 were recorded at IDR 164.03 billion, growing 5.8% from the same period the previous year.
Meanwhile, KRYA's total liabilities in the third quarter of 2023 amounted to IDR 60.24 billion, an increase of 7.5% from the same period the previous year.
Meanwhile, KRYA's total equity in the third quarter of 2023 was IDR 103.78 billion, an increase of 4.87% from the same period the previous year.
With this achievement, the DER ratio recorded by KRYA in the third quarter of 2023 is still quite good and stable at around 58.05%

Income Statement

On the top line side, KRYA's revenue was recorded at IDR 88 billion.
Meanwhile, the gross profit recorded by KRYA in the third quarter of 2023 was IDR 14.39 billion. And, on the bottom line, KRYA again recorded a net profit of IDR 1.24 billion. Thus, KRYA again improved its gross profit margin ratio in the third quarter of 2023, to around 16.36%.  KRYA's performance returned to a positive path in the third quarter of 2023, which occurred in line with recorded new contracts until October 2023, amounting to IDR 257.56 billion. The contracts come from PT PLN Indonesia Power, PT Surya Multi Cemerlang, Pelindo Holding and Wings Group. In addition, KRYA is also still working on a carry over project from both BUMN and the private sector in the amount of IDR 38.24 billion. In total, KRYA is handling construction projects up to IDR 295.80 billion, this figure is equivalent to 119.14% of KRYA's RKAP in 2023 which is IDR 248.28 billion.

Collaboration of KRYA and Adhi Persada Gedung

Most recently, PT Bangun Karya Perkasa Jaya Tbk. (KRYA), obtained the trust of Adhi Persada Gedung (APG), a subsidiary of PT Adhi Karya (Persero) Tbk. (ADHI), to produce and fabricate Modular Boxes (MOBOX). In the initial stage, APG has ordered more than 146 MOBOX units from KRYA, with an order value of more than IDR 3 billion. This strategic collaboration, in which KRYA is Adhi Persada Gedung's first choice, illustrates the strong commitment of both companies to provide innovative and sustainable construction solutions to the market. MOBOX, as an efficient and environmentally friendly pre-fabricated construction element, is expected to change the construction paradigm.

About PT Bangun Karya Perkasa Jaya Tbk.:
PT Bangun Karya Perkasa Jaya Tbk. has the stock ticker code KRYA, is a leading national construction company that specializes in steel fabrication and general contracting. Founded by Mr. Dharmo Budiono, ST and Mrs. Brigitta Notoatmodjo, ST on January 7 2007. In 2015, PT Bangun Karya Perka Jaya Tbk. succeeded in achieving ISO 9001:2015 regarding quality management and ISO 14001:2015 regarding environmental impact management and ISO 45001:2018 regarding occupational health and safety management. KRYA's focus is on infrastructure projects (jetty, roads, bridges and water structures) and industrial buildings such as factories and warehouses.

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For further information, please contact:
Dharmo Budiono - President Director of PT Bangun Karya Perkasa Jaya Tbk.

Surabaya Office
Margomulyo Jaya Block H/10-11 Jl. Sentong Asri (Raya Margomulyo), Surabaya
Plaza Segi 8  Ruko Block C/851-852 Darmo Permai III, Surabaya
Phone: +62-31-9900 1448

Jakarta Office:

Tower Fontana Floor 31 Units J2 & K2
The Mansion Bougenville Block D.
Jl Trembesi – East Pademangan, North Jakarta 14410
Phone: +62-21-2260 7029

Optimistic news from the healthiest and always working construction company PT. Bangun Karya Perkasa Jaya Tbk (IDX: KRYA). This company succeeded in obtaining a new contract worth 14.199 billion rupiah and with several additional contracts it became worth 25.776 billion.

The project won by the Company was a non-dairy creamer and milk powder factory construction project for one of the largest food and beverage company groups in Indonesia (WINGS GROUP).

In addition, the Company also still received a carry over project from the previous year worth 13.910 billion rupiah, which the source of funds came from BUMN financing and 6.415 billion rupiah, which the source of funds came from private financing.

In the Company's 2023 RKAP it has been designed with a target to achieve a total project revenue of 248.282 billion rupiahs, so the big achievement at the beginning of 2023 is 18.55%.

In targeting the completion of its projects, the Company always pays attention to and prioritizes the quality and timeliness of delivery of work to employers accompanied by the highest level of occupational safety and health (K3) so as to provide satisfactory results for all parties involved and increase the trust of clients and investors from within and outside the country with a mature strategy and business development.

Editor - PT. Bangun Karya Perkasa jaya Tbk