Sales And Revenue Increase 9.23 Percent, Jababeka Still Record Loss Of IDR 64.04 Billion In 2022

Jababeka illustration (Photo: Doc. Jababeka)

JAKARTA - PT. Jababeka Tbk Industrial Estate (KIJA) recorded a net loss of IDR 64.04 billion in 2022. The amount of losses increased by 1,153 percent compared to the previous year at IDR 5.16 billion.

Seeing its financial statements, the company recorded sales and service revenues growing 9.23 percent year on year (yoy) to Rp2.72 trillion in 2022, from the previous Rp2.49 trillion in 2021.

Quoting Antara, sales and service revenues were contributed from the real estate business segment of IDR 1.38 trillion, the electricity generation business segment of IDR 696.57 billion, and the service and maintenance segment contributed IDR 554.36 billion.

In addition, the golf business segment contributed IDR 75.88 billion and the tourism business segment contributed IDR 33.23 billion.

Along with the increase in revenue, Jababeka recorded a cost of goods sold and service income of IDR 1.32 trillion in 2022.

Then, selling expenses amounted to IDR 67.00 billion, general and administrative expenses of IDR 450.98 billion, financial expenses of IDR 516, 388 billion, final tax expense of IDR 45.12 billion, and other expenses of IDR 315.37 billion.

Thus, the company recorded a profit before the income benefit expense of IDR 48.89 billion in 2022.

Jababeka recorded liabilities of IDR 6.60 trillion in 2022, from the previous IDR 5.92 trillion in 2021, while the company's equity was recorded at IDR 6.50 trillion from the previous IDR 6.37 trillion in 2022.

Thus, until the end of 2022, the company's assets were recorded at IDR 13.11 trillion.

Jababeka allocated a capital expenditure (capex) budget of IDR 400 billion in 2023, which is worth IDR 250 billion for the acquisition of new land and IDR 150 billion for maintenance.

In addition, the company targets marketing sales to reach IDR 2 trillion by 2023, or an increase of 16 percent yoy compared to the 2022 realization of IDR 1.72 trillion.

Meanwhile, Rp1 trillion is targeted to come from the Cikarang industrial area and others, namely Rp750 billion from mature land and industrial buildings, and Rp250 billion from residential and commercial products in the Cikarang industrial area and others.

Then, amounting to Rp1 trillion came from Joint Venture companies, of which the Kendal Special Economic Zone (SEZ) was the largest contributor with a target of Rp800 billion, and the Joint Venture residential / commercial in Cikarang amounting to Rp200 billion.