As of September 2017, Jakarta Setiabudi Gained Rp 100 B Net Profit

By : Abraham Sihombing And Aldo Bella Putra | Thursday, November 30 2017 - 22:00 IWST

PT Jakarta Setiabudi Internasional Tbk (JSPT) Foto Ist)
PT Jakarta Setiabudi Internasional Tbk (JSPT) Foto Ist) - Jakarta - PT Jakarta Setiabudi International Tbk (JSPT) posted net profit of Rp100.3 billion during January-September 2017. It was 4% higher compared to the same period in 2016 of Rp96.44 billion.

"The profit was obtained by the company after posting revenues of Rp836.7 billion as of September 2017. Revenue of that amount indicates a growth of about 7% compared to September 2016 of Rp781.96 billion," said Merry Lim, Director of Finance JSPT, in the event of public exposure in the Apartment Setiabudi Sky Garden, South Jakarta, Thursday (30/11/2017).

Meanwhile, Chandra P. Asali, Director of Investment and Hotel, said that in November 2017, capital expenditure (capex) of JSPT was Rp800 billion. That reaches 67% of JSPT's capex allocation in 2017 of Rp1.2 trillion.

"Indeed, we have not realized the capex as allocated before. Therefore, the remaining unrealized capex, which is around Rp400 billion will be allocated for next year's capex (2018-red)," Chandra said.

The amount of Capex we have used to finance the renovation of the Bali Hyatt hotel as well as the addition of new facilities at the hotel which will be upgraded to Hyatt Regency in Sanur, Bali.

"We also use the capex to finance the construction of Hotel Andaz Bali, a 5-star boutique hotel with Balinese Village concept in Sanur, Bali," said Chandra.

In addition, the capex fund is also used to finance the renovation of the Mercure Convention Center Hotel in Ancol, North Jakarta, which still continues today. A total of 272 rooms out of a total of 436 rooms in the tower building and main building of the Mercure Convention Center Hotel have been completely renovated and marketed.

"We are also currently completing the construction of POP! Semarang Youth Hotel located at Simpang Street. Hotel consisting of 134 rooms is planned to be opened in January 2018," added Chandra. (Abraham Sihombing)

News Comment

Today's Industry

 Huawei ICT Competition 2022–2023 Global Final Closing and Awarding Ceremony (Photo: Huawei)

Jumat, 02 Juni 2023 - 17:40 WIB

Huawei ICT Competition 2022-2023 Global Final Held in Shenzhen — 146 Teams from 36 Countries and Regions Win Awards

The Huawei ICT Competition 2022-2023 Global Final concluded in Shenzhen, drawing to a close the seventh installment of this competition.

CleverTap logo

Jumat, 02 Juni 2023 - 15:50 WIB

CleverTap launches local deployment of its SaaS platform in Indonesia

CleverTap, the leading global B2B SaaS platform for customer engagement and retention, has made its platform available within Indonesia through data centers hosted on Amazon Web Services (AWS),…

President Jokowi inaugurated the 2nd Kretek Bridge, in Bantul, DI Yogyakarta, Friday (02/06/2023). (Photo: BPMI Setpres)

Jumat, 02 Juni 2023 - 15:10 WIB

Inaugurated by the President, the Kretek 2 Bridge Strengthens the Java Southern Route

RI President Joko Widodo (Jokowi) inaugurated the Kretek 2 Bridge, Friday (02/06/2023) morning, in Bantul Regency, DI Yogyakarta. This bridge will support the Southern Cross Road (JJLS) which…

President Jokowi led the Pancasila Harlah Commemoration ceremony, which was held in the National Monument Area, Jakarta, Thursday (01/06/2023). (Photo: Public Relations of Setkab/Oji)

Jumat, 02 Juni 2023 - 14:00 WIB

President Jokowi: Pancasila is the Foundation of Indonesia's Success in Facing Global Challenges

In the midst of the global crisis, Indonesia is one of the few countries that has succeeded in maintaining economic, social and political stability as well as controlling inflation, growing…

Minister of Investment/Head of BKPM Bahlil Lahadalia (Photo: Public Relations of Setkab/Rahmat)

Jumat, 02 Juni 2023 - 13:30 WIB

President Encourages Acceleration of Electric Battery Ecosystem Development

Indonesian President Joko Widodo (Jokowi) encourages the acceleration of investment realization for the development of the electric car battery ecosystem which will be carried out in the Bantaeng…