PROPERTY NEWS – net profit PT Sentul City Tbk. (BKSL) in the third quarter of 2016 reached Rp. 117 billion recorded during the nine months of 2016. An increase of up to 200% when compared to the same period in 2015 ago. Nowadays, the company recorded a loss of up to Rp 117 billion.
“Apart from the factor of the increase in sales, the company’s achievements is also supported by the success of the company’s management to improve cost efficiency where cost of revenue decreased by 16%,” said Ali Akbar, finance Director PT Sentul City Tbk..dalam statement to Property & Bank.
said Ali Akbar, an increase in the company’s financial performance comes from a revenue growth of 20% from the sale of block sales of Rp. 132 billion, inter alia in respect of cooperation with PT Pembangunan Perumahan (Persero) Tbk. for the development of Verdura Apartments project, which is expected to be launched in early December 2016.
In addition to the sale of block sales, said Ali Akbar, the company also aggressively in increasing sales of residential units where the whole nine months of 2016, the company had record sales Rp. 241 billion from the sale of cluster Centronia, cluster Green Valley, cluster Natura Cattleya, cluster Natura Baseâ, cluster Natura Top, cluster Natura Acacia, and others.
“While EBITDA increased significantly by 472% as a result of a decrease in the load other operations 89% and the increase in other operating income 52%. So that in the third quarter of 2016, the company can profit of Rp 117 billion, “said Ali Akbar.
Sentul City Region which consists of residential and commercial, is a unified and integrated project in South Jakarta. The facilities there include AEON Mall, Giant Sentul City, Clean Market, Market Ah Poong, Cultural Park, Jungleland Adventure Theme Park and the University of Trisakti.
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