TEMPO.CO, Jakarta – Property developer PT Metropolitan Land Tbk (Metland) posted a profit of Rp 169 billion in the third quarter of 2016. The numbers rose 6.2 percent compared with the same period in the previous year, which was Rp 159 billion.
Finance Director of PT Metropolitan Land Tbk Olivia Surodio said that the increase was triggered by the increase in recurring revenues (recurring income) from the hotel and the mall. “Other triggering factors is the government policy of PPH final tally change the original 5 percent to 2.5 percent,” he said after a public expose event at the Indonesia Stock Exchange, Jakarta, Monday, December 5, 2016.
While the total Metland operating revenues in the third quarter 2016 amounted to Rp 765 billion. The number was a slight increase of 2 percent compared with the same period last year, amounting to Rp 750 billion.
Olivia said revenue growth this year has occurred in August and has not been reflected in the financial statements of the third quarter, so that when compared with the period same period last year, the increase is thin.
version of the company’s revenue marketing sales until October 2016 reached around Rp 1.3 trillion. Property sales contributed Rp 838.6 billion, or 91.6 percent of the budget in 2016 amounted to Rp 915 billion. While recurring revenue of Rp 373 billion, or 93.2 percent of the budget in 2016 amounted to Rp 400 billion.
Olivia is optimistic to reach the target marketing sales by the end of the year is pegged at Rp 1.35 trillion. In addition to its sales due to the upward trend in November and December, Metland receive income of Rp 195 billion from the joint venture with Singapore’s Ascendas.
Net income Metland in September 2016 stood at Rp 162.93 billion. The profit was driven by a rise in revenue of Rp 765.53 billion, up 2 percent yoy.
VINDRY Florentin
properti.tempo.co
0 Response to "Metland Books Rp 169 Billion Profit in Third Quarter 2016"
Post a Comment