News

PT Bangun Karya Perkasa Jaya Tbk (KRYA) continues to expand its construction services to a number of large cities in Indonesia, one of them is Bandung, West Java. At the end of February 2024, PT Bangun Karya Perkasa Jaya Tbk officially won the trust of PT Hartono Istana Teknologi subsidiary of PT Djarum to start building a service center for electronic products under the Polytron brand in the city of Bandung, West Java.

The total contract value for the construction of Polytron service center is IDR 8.71 billion, but this figure does not include VAT. Dharmo Budiono - President Director of PT Bangun Karya Perkasa Jaya Tbk, said, "This is an honor, because finally we were able to gain the trust of Hartono family, to work on building a service center for Polytron electronic products in the city of Bandung, West Java." Dharmo also added, the Company is committed to providing the best results, meeting client expectations, and maintaining

Surabaya, December 11, 2023

PT Bangun Karya Perkasa Jaya Tbk. (KRYA), has signed a new contract worth IDR 13.10 billion from PT Central Pertiwi Bahari, a subsidiary of PT Central Proteina Prima Tbk (CPRO).

This wholesale project was carried out for construction of the RM Warehouse measuring 54 x 66 m2, Coal Stock Pile measuring 18 x 12 m2, and concreting the road behind the RM Warehouse with an area of ​​1,398 m2.

The construction time for this wholesale project is scheduled to start on December 6, 2023 and is targeted to be completed on April 30, 2024. Dharmo Budiono - President Director of PT Bangun Karya Perkasa Jaya Tbk. said, "We are very grateful and pleased to be able to announce that our company has succeeded in obtaining a repeat project from Central Proteina Prima's subsidiary. This is proof of the continued trust of one of our main partners. This long-term partnership reflects our dedication in providing services and high quality products”.

New Contract Record

With the addition of projects from PT Central Pertiwi Bahari, the total new contracts obtained by PT Bangun Karya Perkasa Jaya Tbk. reached IDR 285.75 billion. This figure is the highest record for new contracts recorded by PT Bangun Karya Perkasa Jaya Tbk. since the company was established.

Apart from that, in 2023 PT Bangun Karya Perkasa Jaya Tbk. is also still working on a number of carry over projects with a value of IDR 38.24 billion. So overall PT Bangun Karya Perkasa Jaya Tbk recorded projects handled throughout 2023 amounting to IDR 323.99 billion. The total project achievement is equivalent to 130.49% of the RKAP target for KRYA project acquisition for the entire year 2023 which reached IDR 248.28 billion.

= = =

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.

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.

###

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