Profits Of Pondok Indah Mall Management Owned By Conglomerate Murdaya Poo Drops 62 Percent In 2020

JAKARTA - The manager of Pondok Indah Mall, PT Metropolitan Kentjana Tbk (MKPI), is under considerable pressure from the COVID-19 pandemic. Although MKPI still recorded a profit in 2020, but its value fell significantly.

Quoted from MKPI financial report published on Indonesia Stock Exchange (IDX) page, Monday, May 24, the company owned by conglomerate Murdaya Poo recorded revenue of Rp1.22 trillion in 2020. This achievement decreased by 34.87 percent from the previous year of Rp1.87 trillion.

MKPI recorded a net profit of Rp231.27 billion in 2020. This net profit decreased by 62.38 percent, down from a year earlier of Rp614.78 billion.

MKPI's liabilities throughout 2020 increased 13.77 percent to Rp2.01 trillion from Rp1.77 trillion a year earlier. These liabilities are divided into short-term liabilities amounting to Rp939.80 billion and long-term liabilities of Rp1.07 trillion.

Meanwhile, the company's equity grew 1.88 percent to Rp5.60 trillion from the previous year's position of Rp5.50 trillion. The company's assets were recorded at Rp7.62 trillion, up 4.78 percent from a year earlier of Rp7.27 trillion.

Metropolitan Kentjana started commercial operations in 1975. Now the company owns and manages shopping centers (Malls) Pondok Indah I, II and Street Gallery, Pondok Indah Office Tower I, II and III, Pondok Indah Office Park and Pondok Indah Golf Apartment I, II and III as well as residential Real Estate projects Pondok Indah, Shangril La Park in Batam and Pondok Indah Hotel.

Metropolitan Kentjana is controlled by PT Karuna Paramita Propertindo with a 47.44 percent shareholding. Karuna Paramita Propertindo is a company owned by conglomerate Murdaya Poo, the 29th richest person in Indonesia by Forbes magazine as of December 2020.