WIKA’s ytd new contracts reached 25.94% from target

Wijaya Karya (WIKA IJ, Under Review) booked IDR6.7trn of new contracts during 1H14 or 25.94% from target IDR25.93trn. The low realization is due to seasonality faced by most SOE contractors as government projects are usually disbursed during second semester of the year. The company also targets IDR18.82trn for FY14F revenue including joint operation.