PT. Ciputra Development Tbk Record Total Revenue Rp6, 4 Trillion
By : Herry Barus And Aldo Bella Putra | Thursday, March 29 2018 - 19:00 IWST

Candra Ciputra, Presiden Direktur PT. Ciputra Development Tbk. (IST)
INDUSTRY.co.id - Jakarta - PT. Ciputra Development Tbk or CTRA recorded total revenues of Rp6.4 trillion in 2017, down 4% compared to Rp6.7 trillion in 2016.
Acquisition of the recurring income segment that includes shopping centers, hotels, office rentals and hospitals reached Rp1.7 trillion, or grew 7% compared to the same period in 2016. Revenue from shopping centers rose by 1% to Rp763 billion. Revenue from the hotel rose 17% to Rp480 billion. Rental office revenue increased 15% to Rp132 billion. Overall, this recurring revenue segment contributed 27% of total revenue in 2017.
The revenue from the property development segment includes residential houses, shophouses, land, apartments and office buildings recorded at Rp 4.7 trillion, down 8% compared to Rp5.1 trillion in 2016. Recognition of a longer income by 12% to Rp3.4 trillion from the same period in 2016.
Based on these performances, CTRA's net profit in 2017 reached Rp894 billion during 2017, or decreased by 12% from 2016. This was more due to timing differences over sales recognition. Thus, CTRA is optimistic that net income in 2018 will rise in line with the increase in sales recognition.
Optimism about achieving better financial performance in 2018 also takes into account the backlog that exists today. This can be seen from the achievement of marketing sales in the first two months that has reached Rp1, 0 trillion, from the total target this year of Rp7, 7 trillion.
"That is certainly a good indicator because there is an 18% growth compared to the same period last year. We are optimistic to achieve this year's target by considering several things, such as the diversity of products, geographical coverage, and strong brands," said CTRA President Director Candra Ciputra.
During 2017 CTRA launched four new residential projects namely Barsa City Yogyakarta, CitraLand Cibubur, CitraLand Tallasa City Makassar, and CitraPlaza Nagoya Batam. This is expected to strengthen CTRA's position in the national property business scene and provide benefits to the local economy.
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