2017, Profit of Housing Development Grows 42.15%

By : Abraham Sihombing And Aldo Bella Putra | Monday, March 12 2018 - 15:00 IWST

Menteri BUMN Rini Sumarno, Menteri PUPR Basoeki Hadimoeljono, Menhub Budi Karya Sumadi, Diut PTPP Tumiyana , Komisaris PTPP Sumardi, Dirut PT KAI Edi Sukmoro di Sts Junada (Foto Rizki Meirino)
Menteri BUMN Rini Sumarno, Menteri PUPR Basoeki Hadimoeljono, Menhub Budi Karya Sumadi, Diut PTPP Tumiyana , Komisaris PTPP Sumardi, Dirut PT KAI Edi Sukmoro di Sts Junada (Foto Rizki Meirino)

INDUSTRY.co.id - Jakarta - PT Pembangunan Perumahan Tbk (PTPP) achieved profit of Rp1.45 trillion in 2017. It showed a growth of 42.15% compared to the previous year of Rp1.02 trillion. PTPP's 2017 profit is slightly above the consensus of analysts' projected earnings projection of 1.43 trillion in 2017.

"The company achieved a profit of Rp21, 50 trillion in 2017, an increase of 30.69% compared to the actual revenues in 2016 of Rp16, 45 trillion," said Tumiyana, President Director of PTPP, in Jakarta on Monday (12 / 03/2018).

Nevertheless, the incision of PTPP's earnings achievement in 2017 is still under the consensus of the projected analysis presented by analyst, yautu of Rp22.95 trillion. Nevertheless, PTPP net profit margin in 2017 looks up to 6.74% compared to the previous year at 6.2%.

Tumiyana said that PTPP management will maintain its financial ratio by maintaining net gearing and interest bearing levels. It aims, so that PTPP investment target worth between Rp20-30 trillion can be realized. (Abraham Sihombing)

News Comment

Today's Industry

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

Jumat, 02 Mei 2025 - 10:46 WIB

Binawan and Government Support Indonesian Nurses in Europe through Scholarships

In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

SUNeVision Initiates MEGA IDC Phase Two Development

Jumat, 28 Maret 2025 - 22:21 WIB

SUNeVision Initiates MEGA IDC Phase Two Development

SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

 PT Metrodata Electronics Tbk (“MTDL”)

Jumat, 28 Maret 2025 - 22:07 WIB

TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary

PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Wireless Logic

Jumat, 28 Maret 2025 - 22:00 WIB

Wireless Logic Selected By Thales As IoT Connectivity Partner

Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Microvista Expands International Presence with Mobile CT System ScanExpress

Jumat, 28 Maret 2025 - 21:53 WIB

Microvista Expands International Presence with Mobile CT System ScanExpress

The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…