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
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)
Read Also
tops! Handover of Cluster 'The Grove' Shila at Sawangan Faster Than…
Swire Properties, A Story of World-Class Excellence and Creative…
Jababeka Together with Japan’s Largest Developer (Mitsui Fudosan…
Jababeka Together with Japan’s Largest Developer (Mitsui Fudosan…
Coming Soon: Orange Groves at PIK 2, A new Riverside Destination…
Today's Industry

Sabtu, 23 September 2023 - 11:33 WIB
Growing Above Industrial Average, CLEO Strives for Innovation
Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

Kamis, 14 September 2023 - 15:15 WIB
INOV Poised to Absorb PET Recycling Market Potential
The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Senin, 11 September 2023 - 09:07 WIB
Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit
President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

Senin, 11 September 2023 - 07:45 WIB
ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace
On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

Senin, 11 September 2023 - 06:40 WIB
Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic
Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.
News Comment