Current Property Business, PT Intiland profit of Rp 199.9 Billion Records

Source : Liputan6

   Intiland Development, a real estate development company in Indonesia, booked net profit of 199.9 billion rupiah in the first half of 2014. 

Director of Investment Management and Capital Management Intiland, Archied Pradono Noto said, the profits were able increased by 42.3 percent over the same period last year was 140.5 billion rupiah. 

"We expect the business climate improves in the second half of this year to achieve the targeted performance results expected," he said in his statement, Jakarta, Tuesday (22/07/2014). 

The increase in earnings was driven by higher revenues in all sectors of activity such as the development of supermarkets, residential, industrial, and investment. 

Based on the financial statements for the first half of the operating profit of the company to Rp 854.8 billion, an increase of 11.8 percent from Rp 764.9 billion in the previous period. Operating profit rose 14.2 percent to Rp 286.2 billion. 

Judging by the industry development superblock contributed revenue of 302.82 billion rupees, or 35.4 percent. Then the development of the business district of Rp 241.1 billion or 28.2 percent. 

Leni In addition, for the development of both housing and condominium contributed Rp 275.8 billion or 32.3 percent. While the development of industrial zones to reach Rp 197 billion, or 23.1 percent. 

"While the segment of real estate investment gives kontrbusi 78.9 billion rupiah, or 9.2 percent of total revenue in the first half of 2014," he said.

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