Metropolitan Land Add Land Bank Up to 100 Hectares

By : Hariyanto And Aldi Firhand. A | Wednesday, August 09 2017 - 15:59 IWST

PT Metropolitan Land
PT Metropolitan Land

INDUSTRY.co.id - Jakarta - Throughout the year 2017, PT Metropolitan Land Tbk (MTLA) has increased the number of land banks up to 100 hectares.

The company's financial director, Olivia Surodjo, said that the additional land bank will use capital expenditure (capex) this year.

"We have added land bank up to 100 hectares, bought using capex funds," said olivia at the Indonesia Stock Exchange Building, Tuesday (08/08/2017).

Capex funds used in the purchase of this land reached more than Rp160 billion, higher than the previously budgeted budget of only Rp160 billion.

Meanwhile, the absorption of capex up to July 2017 from the company has reached Rp258 billion or has more than 50% of total capex in this year is budgeted at Rp540 billion.

In addition, this year the company plans to lend to the bank with a total of Rp300 billion. Unfortunately, Olivia is still reluctant to explain which banks will be creditor and will be used for what will this fund.

"If the debt is likely to add bank debt, approximately Rp300 billion but can not say the use and the bank," she said.

News Comment

Today's Industry

PT Autopedia Sukses Lestari Tbk (ASLC)

Rabu, 25 Januari 2023 - 09:30 WIB

ASLC Successfully Surpasses 2022 Used Car Sales Target via Caroline.id

PT Autopedia Sukses Lestari Tbk (ASLC), a company engaged in used vehicles auction and trading of used cars, succeeded in selling 2,481 units of used cars through used car dealers under its…

A woman is paying her attention to the Jakarta Composite Index board movement. (Document of INDUSTRY.co.id)

Kamis, 05 Januari 2023 - 22:29 WIB

New Economic Board, GOTO Share Moves Closer to Global Indices

The presence of the New Economic Board on the Indonesia Stock Exchange (IDX) brings many benefits to PT GoTo Gojek Tokopedia Tbk (GOTO). One of them is getting closer to the shares listing of…

PT Alkindo Naratama Tbk (“ALDO”)

Senin, 19 Desember 2022 - 23:51 WIB

ALDO Aims 2023 Sales to Increase More Than Double

PT Alkindo Naratama Tbk (“ALDO”), a listed company engaged in the integrated paper and chemical business are optimistic that the Company's performance in 2023 will improve, in line with…

Lauren Blasco of ACV.

Senin, 19 Desember 2022 - 22:39 WIB

Indonesian Chamber of Commerce and Industry taps AC Ventures’ ESG head to join task force

The Indonesian Chamber of Commerce and Industry (KADIN) recently tapped AC Ventures’ (ACV) Head of ESG Lauren Blasco to join its newly formed ESG task force, an elite group of stakeholders…

The CIP Utilities & Automated Reporting Analytics allows plant managers

Senin, 19 Desember 2022 - 21:50 WIB

Emerson’s New Analytics Software Automates Utilities Monitoring and Reporting for Clean-in-Place Applications

Emerson: Today Emerson announced the release of its new Clean In Place (CIP) Utilities and Automated Reporting Analytics package delivered via PACEdge™ and Movicon™ platforms on an industrial…