Agung Podomoro Land, Property Developer Of Conglomerate Trihatma Haliman Raises Revenue Of IDR 4.26 Trillion In 2021

JAKARTA - Property developer belonging to conglomerate Trihatma Haliman, PT Agung Podomoro Land Tbk (APLN) managed to record a positive performance in 2021. APLN's sales and operating revenues reached IDR 4.26 trillion last year.

Property sales which grew positively became the Company's main source of revenue last year. Meanwhile, the hotel business and shopping centers began to rise amid the challenges of the COVID-19 pandemic that lasted throughout the past year.

Corporate Secretary of PT Agung Podomoro Land Tbk Justini Omas explained that the company recorded sales of IDR 3.11 trillion and recurring income of IDR 1.14 trillion as of December 31, 2021. The company also recorded a gross profit of IDR 1.42 trillion. with a gross profit margin of 33.6 percent.

"We are grateful to be able to overcome various challenges, especially the COVID-19 pandemic that has occurred since 2020 and throughout 2021. Property sales from various APLN projects in a number of cities became one of the main catalysts for the company's revenue last year. The hotel business is one of the sources of revenue. The company also continues to show positive performance," Justini said in a written statement, quoted Thursday, April 7.

As a leading, integrated, and trusted property developer, APLN continues to take the initiative to deliver housing products that meet the needs of the people in various major cities in Indonesia. In 2021, APLN has added a new property project, namely the Bukit Podomoro Jakarta luxury residential area in the East Jakarta area.

Meanwhile, other property projects continue to be developed and accelerated, such as Podomoro Park Bandung (Bandung), Podomoro Golf View (Depok), Podomoro City Deli (Medan), Podomoro Tenjo City (Bogor), Borneo Bay (Balikpapan), Ochard Park (Batam) and Kertabumi City (Karawang).

APLN's rapid movement in building its projects is also to optimize the Value Added Tax (VAT) incentives that have been rolled out by the government since 2021.

"The company managed to sell nearly 2.000 units of landed houses, shop houses, office units, kiosks, and apartments last year. The increasing purchasing power of consumers has enabled the company to record 2021 marketing sales of IDR 2.7 trillion, higher than the target set at IDR 2 trillion," she said.

In the hotel business, during 2021 APLN has operated 9 hotels in Jakarta, Bogor, Bandung, and Bali. A number of major hotels such as the Pullman Vimala Ciawi hotel, Bogor, and the Pullman Grand Central Bandung hotel, the occupancy rate continues to increase. Even in certain moments, the rooms at the Pullman Ciawi hotel and the Pullman Bandung hotel are sold out, considering that there are still restrictions on the number of rooms as a rule during the pandemic.

Justini hopes that the various efforts that have been made by the government in overcoming the COVID-19 pandemic can run well, so that all business activities can return to normal. Positive signals of economic recovery throughout 2022 have also begun to be seen.

Visitors to shopping centers owned and managed by APLN such as Central Park, Senayan City and Emporium Pluit Mall are increasing.

"We will continue to encourage businesses from the recurring income sector such as hotels and shopping centers to continue to grow positively in line with the national economic recovery in 2022. On the other hand, APLN will also carry out new initiatives to optimize the property business potential that is re-emerging and remains sustainable. disciplined and efficient in managing the Company's operations," she concluded.