Housing Development Optimistic to Achieve Targeted Net Profit 2017

By : Abraham Sihombing And Aldi Firhand. A | Tuesday, October 31 2017 - 21:32 IWST

Residence Illustration
Residence Illustration

INDUSTRY.co.id - Jakarta - The management of PT Pembangunan Perumahan Tbk (PTPP) is optimistic to reach the target of net profit of Rp7.7 trillion in 2017, although the government banned the construction company to work on projects worth under Rp200 billion.

"Although the government prohibits SOEs to work on projects under Rp 200 billion, we are optimistic to realize the 2017 net profit target," said Nugroho Agung Sanyoto, Corporate Secretary of PTPP, in Jakarta, Monday (30/10/2017).

Nugroho said, until the end of quarter III-2017, PTPP won a new contract worth Rp31, 9 trillion. Nevertheless, these contracts are not projects in the regions of the Level I and Level II APBD.

Housing Development until the end of 2017 is targeting a new contract worth Rp40, 6 trillion.

Nugroho explained, since the Government Regulation that prohibits SOEs working on projects under Rp200 billion enacted, Housing Development has not taken a small value project.

"In fact, since late 2016, we have not taken such small projects. We only take the stadium construction project in Papua, because the project is big and short term, "said Nugroho.

Nugroho revealed, in the future, various SOE subsidiaries are also not allowed to work on various small value projects in the region. Because there will be a holding scheme that streamlines subsidiaries in similar businesses.

Nugroho also said, PTPP as of September 2017 recorded revenue of Rp13, 7 trillion, up 27% over the same period in 2016. Meanwhile, net profit grew 70% to Rp1, 1 trillion.

"The profit is equal to the realization of profit in 2016. Target revenue of 2017 amounted to Rp25 trillion," he added.

Thus, according to Nugroho, the company believes it will be able to exceed various financial performance targets in 2017. "PTPP new contract has also been realized 79%. The realization of revenue by 55% and net income reached 65%, "said Nugroho. (Abraham Sihombing)

News Comment

Today's Industry

Check Point Software Technologies (Images by Acclaim)

Selasa, 18 Februari 2020 - 21:35 WIB

4 Keys to Identify and Avoid Phishing Attacks - Check Point

Brings with it a new era of sales during which cybercriminals take advantage of the increase in the volume of digital transactions to launch phishing campaigns in search of new victims. The…

From video games to government (Images by Pinterest-avante.biz)

Selasa, 18 Februari 2020 - 21:06 WIB

How to steer clear of social engineering scams

Technology can do lots of things better than humans can - playing chess, working a factory floor and soon supposedly driving our cars and trucks is just the start of a very long list. But technology,…

The collaboration between Clean Earth Technologies (CET) - and Flinders University

Selasa, 18 Februari 2020 - 20:25 WIB

International Partnership Takes Australian Environmental Cleanup Solution to World Markets

The collaboration, between new generation environmental technology company Clean Earth Technologies (CET) and Flinders University, will support ongoing development of the absorbent polysulfide…

The Nautilus Resort is expected to open in 2023

Senin, 17 Februari 2020 - 11:25 WIB

Curio Collection by Hilton to Debut in Malaysia with Signing in Pulau Langkawi

Hilton, one of the world’s fastest-growing hospitality companies, has signed a 15-year management agreement with Inspirasi Langkawi Sdn. Bhd. “Inspirasi Langkawi” to build The Nautilus…

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Minggu, 19 Mei 2019 - 14:58 WIB

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today…