JAKARTA - The property and industrial land development company from the Sinarmas Group belonging to the late conglomerate Eka Tjipta Widjaja, PT Puradelta Lestari Tbk (DMAS) is optimistic that it will be able to record a net profit of IDR 1 trillion until the end of 2022.
This belief was conveyed by the Director of DMAS Tondy Suwanto. According to Tondy, the profit achievement may be realized along with the trend of economic recovery and high demand for industrial land.
"Currently, there is still demand for industrial land in our area to reach more than 90 hectares," he said in a virtual public expose, Wednesday, September 14 yesterday.
Furthermore, Tondy said, land demand currently comes from the varied industrial sector. Starting from data centers, household appliances, automotive and supply chains, as well as other industries.
Along with this, DMAS is optimistic that it can record revenue at the end of 2022 in the range of IDR 1.6 trillion to IDR 1.7 trillion. Meanwhile, net profit is targeted at around 55 percent to 65 percent of total revenue.
Meanwhile, in 2021, the company posted operating revenues of IDR 1.44 trillion and net profit of IDR 715 billion. During the first semester of 2022, DMAS recorded pre-sales or marketing sales of IDR 995 billion. This amount has reached around 55 percent of the 2022 target of IDR 1.8 trillion.
Tondy said that the achievement in the first half of 2022 mainly came from sales of industrial land covering an area of 29.1 hectares, in addition to sales of commercial and residential products. Welcoming the high demand for industrial land, DMAS will continue to build infrastructure and utilities in the GIIC industrial area of Kota Deltamas and improve regional management services that are maximized to its industrial customers.
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