JAKARTA - PT Agung Podomoro Land Tbk (S stock code: APLN) recorded sales and operating income which increased 103.29 percent year on year (yoy) to Rp8.66 trillion throughout 2022, compared to the previous Rp4.26 trillion in 2021.
APLN Corporate Secretary Justini Omas in a written statement, Friday, March 31, explained a number of factors that encourage the company's sales, including recurring income from the hotel service and shopping center segment which amounted to Rp1.46 trillion, an increase of 28.07 percent compared to the previous Rp1.14 trillion in 2021.
He explained that another factor is the strategic collaboration between APLN and Hankyu Hanshin Properties Corp (HHP) in managing Central Park Mall (CP Mall) through CPM Assets Indonesia (CPM).
His party revealed that HHP through the CPM Assets Japan LLC has acquired the CPM and is now holding 71.42 percent of CPM shares, while APLN still controls 28.58 percent of CPM shares.
Furthermore, he conveyed that APLN recorded sales recognition of Rp7.20 trillion, or an increase of 131.51 percent yoy from the previous Rp3.11 trillion in the same period in 2021.
Then, the company recorded a gross profit which increased 240.56 percent yoy to IDR 4.87 trillion in 2022 from IDR 1.43 trillion in 2021, and recorded a comprehensive profit of IDR 2.07 trillion in 2022 from the previous IDR 545.7 billion in 2021.
Meanwhile, the company's total marketing sales or marketing sales outside the Value Added Tax (VAT) were recorded at IDR 1.66 trillion in 2022.
In addition, he revealed that through disciplined and measurable financial management, the company managed to pay off loans worth 172.8 million Singapore dollars toori Venture Pte Ltd in 2022.
"We have also succeeded in optimizing government policies to relax community activities by increasing revenue from the hotel service and shopping center segment," said Justini, quoted by Antara.
His party explained that currently APLN owns and operates a number of premium hotels such as Pullman Vimala Hills Ciawi, Pullman Grand Central Bandung, and Indigo Seminyak Bali.
In addition, the company still owns and manages a number of premium shopping centers in Jakarta and various cities in Indonesia, including Kuningan City, Senayan City, Baywalk, Emporium Pluit, CityLink Festival Bandung, Deli Park Medan, and Plaza Balikpapan.
"Through various innovations in property products and the best infrastructure support, we will continue to ensure that APLN products are always a reference and consumer choice, as has been proven over the company's 53 years of travel," said Justini.
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