Intiland Development posted IDR142 billion in net profit

By : Herry Barus And Aldi Firhand. A | Wednesday, August 15 2018 - 20:31 IWST

PT Intiland Development Tbk (DILD) (Foto:beritasatu)
PT Intiland Development Tbk (DILD) (Foto:beritasatu)

INDUSTRY.co.id - Jakarta - Property developer PT Intiland Development Tbk posted a net profit of Rp142 billion in the first half of 2018, down 39.2 percent compared to the same period in the previous year of Rp234 billion.

"The decline in profit performance was mainly due to an increase in operating costs and interest expenses," said Director of Intiland's Capital and Investment Management, Archied Noto Pradono in an official statement in Jakarta on Tuesday (08/14/2018)

Considering the results of the achievement, he continued, the company remains optimistic that it can maintain growth performance until the end of this year.

"In terms of business revenue, several 'mixed-use & high-rise' development projects will be completed this year so that the sales proceeds can be recorded as business income," he explained.

Meanwhile, it was noted that the company's operating income in the first half of 2018 amounted to Rp1.8 trillion, up 34.9 percent compared to the same period of the previous year of Rp1.3 trillion.

Archied Noto Pradono said that the business income was supported by the increasing recognition of income from the segment of housing development and the sale of non-core land.

"Challenges in the property industry are still quite heavy. Although the government has issued a number of sectoral growth stimuli, the market and consumers still tend to take a 'wait and see' attitude to anticipate the development and impact of the democratic party that will be held until next year," he said.

However, he continued, the company remains optimistic that there will be improvement in the property market conditions in the second half of this year, although the growth rate may not be too high.

"The company is optimistic that the condition of the national property market will move better in the future. The company believes that the level of public demand for property products is still high, thus becoming an indicator of the prospects of the property industry in the future," he said.

News Comment

Today's Industry

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Jumat, 02 Desember 2022 - 22:48 WIB

Lockup Sentiment Only Temporarily, GOTO Owns Chance to Rebound

Shares of PT Goto Gojek Tokopedia Tbk (GOTO), which experienced selling pressure after end of the lock up period on November 30, 2022, are considered by a number of market participants to provide…

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Rabu, 30 November 2022 - 19:35 WIB

GoPay's Dominance Drives Consistency in GOTO's Financial Business Segment Growth

The financial services business segment, namely GoTo Financial owned by PT GoTo Gojek Tokopedia Tbk (GOTO), recorded impressive business growth consistency. This is reflected in GoPay's dominance…

The President Director of PT Honeywell Indonesia, Roy Kosashi, clarified many kind of leading technology for Indonesia’s New Capital City, in Jakarta on Tuesday (29/11/2022). (Photo: PT Honeywell Indonesia)

Rabu, 30 November 2022 - 19:28 WIB

Honeywell Ready to Support Indonesia’s New Capital City with Sustainability Technologies and Solutions

Honeywell announced today that it is Ready Now to support the Nusantara Capital Authority (OIKN) in realizing their goal of making a sustainable and smart forest city. OIKN is the government…

Gibu Mathew, Vice President and General Manager in Asia-Pacific (APAC) in Zoho Corp. (special)

Rabu, 30 November 2022 - 11:22 WIB

How to Make SaaS Work for Small and Medium-Sized Businesses

Southeast Asia's digital transformation has been impressive as the region is now poised to reach a projected digital economy worth USD360 billion by 2025. With digitalisation, the region bore…

PT Dharma Polimetal ("Dharma Group") Triputra Group automotive component manufacturing company.

Senin, 28 November 2022 - 12:15 WIB

DRMA Remains Optimistic 2023 Automotive Still Rises, Targets Sales Up 20%

PT Dharma Polimetal Tbk (“DRMA”), a listed company engaged in automotive component manufacturing business sees the prospects for the automotive business in 2023 will still remain promising.…