Plaza Indonesia, Where Rosano Barack-in-law Syahrini Is Appointed As Commissioner, Earns Revenue Of IDR 871.4 Billion And Profit Of IDR 447.7 Billion In 2021

Plaza Indonesia. (Photo: Doc. The Paradise Group)

JAKARTA - PT Plaza Indonesia Realty Tbk (PLIN) posted revenue of IDR 871.4 billion throughout 2021. The revenue of the company where Rosano Barack Syahrini's father-in-law is commissioner fell 6.04 percent from 2020 of IDR 927.4 billion.

In PLIN's financial report, quoted on Friday, March 18, it was stated that the company's rental income fell 22.9 percent to Rp451.8 billion, from Rp586 billion in 2020. In details, shopping center rental income fell 24.9 percent to Rp306.6 billion. office rents fell 20.25 percent to Rp139.9 billion, and hotel rents rose 142 percent to Rp5.3 billion.

Meanwhile, PLIN hotel revenues throughout 2021 rose 36.7 percent from Rp. 163 billion to Rp. 223.1 billion on an annual basis or year-on-year (yoy).

PLIN's cost of revenue was also recorded to increase by 3.53 percent in 2021 to Rp251.7 billion, from Rp243.1 billion yoy. With this expense, the company posted a gross profit of IDR 619.7 billion in 2021, down 9.44 percent from IDR 684.3 billion in 2020.

The issuer codenamed PLIN recorded a profit for the year of Rp447.7 billion, a reverse from a loss for the year of Rp575.1 billion in 2020.

Until the end of December 2021, the company's assets were recorded to have increased to Rp. 11.9 trillion, from Rp. 11.8 trillion in 2020. The company's total liabilities were recorded at Rp. 1.17 trillion at the end of 2021, an increase from Rp. 1.16 trillion at the end of 2020.

Likewise, the company's total equity increased from IDR 10.65 trillion at the end of December 2020 to IDR 10.7 trillion at the end of December 2021.