PT Waskita Karya Tbk Auditor Raises 'Going Concern' Doubt

PT Waskita Karya (Persero) Tbk is an Indonesia-based company, which is engaged in construction activities and integrated engineering, procurement, and construction (EPC). The Company’s segments include Construction, Toll, Precast, Property and Hotel, Other Infrastructure, and Building Rental. The Company’s Construction segment consists of five divisions, namely Building Division, Infrastructure I Division, Infrastructure II Division, EPC Division, and Overseas Division. The Toll Segment is carried through its subsidiary, PT Waskita Toll Road (WTR), which is engaged in toll road development. The Precast segment is carried through its subsidiary, PT Waskita Beton Precast Tbk (WSBP). WSBP also produces ready-mix concrete. Through the Property and Hotel Segments, the Company has managed several hotels such as Teraskita Hotel Jakarta, Teraskita Hotel Makassar, Maison Teraskita Hotel Bandung, and The Reiz Suites Medan.