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)
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.
Read Also
Swire Properties, A Story of World-Class Excellence and Creative…
Jababeka Together with Japan’s Largest Developer (Mitsui Fudosan…
Jababeka Together with Japan’s Largest Developer (Mitsui Fudosan…
Coming Soon: Orange Groves at PIK 2, A new Riverside Destination…
Gov’t Gears Up to Build Housing at Nusa Tenggara’s Disaster-Affected…
Today's Industry

Rabu, 22 Maret 2023 - 09:31 WIB
President Jokowi: Papua Youth Creative Hub to Stimulate Creativity of Papuan Youth
The newly inaugurated Papua Youth Creative Hub (PYCH) in Jayapura City is expected to provide space for Papuan youths to develop creativity and innovation in various fields, such as fashion,…

Rabu, 22 Maret 2023 - 08:30 WIB
President Jokowi to Inaugurate Papua Youth Creative Hub
President Joko “Jokowi” Widodo kicked off a working visit to Papua province on Monday (03/20).

Rabu, 22 Maret 2023 - 06:55 WIB
Fuse Achieved More Than Usd 200 Million Of Gwp and 150 Million Policies For 2022
During the Grand New Office Opening event on 17th March, 2023, insurtech company Fuse announced more than 150 million policies, with GWP exceeding USD 200 million (IDR 3 trillion) being achieved…

Senin, 20 Maret 2023 - 16:40 WIB
President Jokowi Gives Appreciation for the Contribution of Various Parties in Handling the COVID-19 Pandemic
RI President Joko Widodo (Jokowi) presented awards to various parties who have contributed and worked hard in efforts to deal with the COVID-19 pandemic in the country.

Senin, 20 Maret 2023 - 14:59 WIB
President Jokowi Attends the Oath Ceremony of the Chief and Deputy Chief Justices of the Constitutional Court for the 2023-2028 period
Indonesian President Joko Widodo (Jokowi) attended the Oath Ceremony of Anwar Usman and Saldi Isra as Chair and Deputy Chief Justice of the Constitutional Court (MK) for the 2023-2028 Term of…
News Comment