PPRE Spends 39.27% of Capex

By Editorial Team 16/08/2019
Summary

PT PP Presisi Tbk (PPRE) has used 39.27 percent of the total capital expenditure allocated in 2019. PP Presisi Investor Relations Bambang Suyitno said the company had realized capital expenditure (capex) of Rp 432 billion for the purchase of heavy equipment.

He said PPRE also has inorganic expansion plans. It continues to explore negotiations with the targeted companies engaged in soil improvement and foundation. PPRE has pocketed a new contract value of Rp 2.2 trillion until May 2019, or around 44 percent of this year's target.

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