This Property And Industrial Land Developer Owned By The Conglomerate Eka Tjipta Widjaja Receives IDR 2.6 Trillion Revenue In 2020

JAKARTA - The property and industrial land development company, PT Puradelta Lestari Tbk, posted a relatively stable performance amid the impact of the COVID-19 pandemic in 2020. This company with the DMAS stock code posted revenues of IDR 2.62 trillion.

Quoted from Puradelta's financial report published on the information disclosure page of the Indonesia Stock Exchange (IDX), Thursday, April 1, this achievement slightly weakened 0.79 percent compared to the previous year's acquisition of IDR 2.65 trillion.

Profit for the year which was attributable to the owner of the parent company of the Sinar Mas Group experienced a growth of 0.95 percent, namely to IDR 1.34 trillion from the previous IDR 1.33 trillion.

From the asset post, the total assets of the company owned by the late conglomerate Eka Tjipta Widjaja fell 11.35 percent year-on-year (YoY) to IDR 6.75 trillion by the end of 2020.

The Kota Deltamas developer recorded pre-sales or marketing sales of IDR 2.39 trillion throughout 2020. This realization was 19.5 percent higher than the unrevised target set by the company of IDR 2 trillion.

Puradelta Lestari Director Tondy Suwanto said that the above target marketing sales were mainly supported by the sale of 119.5-hectare industrial land. The demand for industrial land, Greenland International Industrial Center (GIIC), has been quite high since early 2020.

"The company is trying to maximize these opportunities, even in the midst of a pandemic situation", said Tondy.

Tondy estimates that future demand for industrial land will still come from the automotive sector and its derivatives as well as data centers. This is in line with the latest developments in terms of motor vehicle development and the advancement of the digital industry.

"With the presence of companies from various industries, we are optimistic that the value of the integrated modern area of Kota Deltamas will increase", he said.

Tondy said that his party will also continue to develop residential and commercial areas in Kota Deltamas. In the area, the best facilities for workers, residents, and visitors will also be installed.