PP Property Targets Increasing Net Income of 19 Percent by the End of 2018

By : Hariyanto And Aldi Firhand. A | Friday, August 31 2018 - 21:07 IWST

PT PP
PT PP

INDUSTRY.co.id - Jakarta - PT PP Properti Tbk (PPRO) until the end of 2018 targets net profit of around Rp. 520 billion, an increase of 19 percent compared to the same period of the previous year.

"We are targeting a net profit of around Rp. 520 billion. The production process from the owned landbanks continues to be boosted to achieve the target," said PPRO President Director, Taufik Hidayat at the Indonesia Stock Exchange Building, Jakarta, Wednesday (9/29).

He explained, from the marketing side, the company cooperated with banks to increase sales, including PT Bank Mandiri Tbk (BMRI) through the ELECTION program (Choice of Your Apartment Loans), with this program consumers will get KPR cost subsidies as well as a fast credit approval process.

Then with PT Bank Tabungan Negara Tbk (BBTN) the SUPER program was launched (Simpel Untung Promo and Extra Reward), where consumers can apply for a down payment of 5 percent and interest starting at 4.68 percent.

"Until the first half of 2018, the company's marketing sales have reached IDR2.49 trillion or around 35 percent remaining to reach the target of around IDR3.80 trillion," he explained.

The strategic action plans that will be implemented in the second half of 2018 include launching and groundbreaking three residential projects namely Westown View and Grand Sungkono Lagoon in Surabaya and Grand Sagara Apartments in Suramadu.

From the hospitality business, Prime Park Hotel Pekanbaru and Palm Park Hotel Surabaya will start adding contributions to the company in the form of recurring income, as well as the Lagoon Avenue Bekasi Mall for its commercial business side.

"With the support of two banking programs, the launching and groundbreaking of several projects and a sales strategy through partnerships with investors through bulk sale transactions, we are optimistic that we can achieve the 2018 performance target," he said.

News Comment

Today's Industry

Nanda Patricia Flowerence Student of MBA President University

Selasa, 14 Juli 2020 - 16:45 WIB

PRESIDENT UNIVERSITY OPEN MBA PROGRAMS: The Opportunity to Enhance Your Career While Studying

Standing in the largest industrial area in Indonesia, President University is one of the best private campuses, because this campus has a goal to become a leading global educational institution,…

HIMA (Photo by Rail Solutions Asia 2019 - German Pavilion)

Selasa, 14 Juli 2020 - 09:35 WIB

HIMA Recognized by Frost & Sullivan for its Industry-leading Industrial Process Safety Systems in the 2020 Asia-Pacific Best Practices Awards

HIMA Paul Hildebrandt GmbH, world's leading independent provider of smart safety solutions for industrial applications, has been recognized at the prestigious Frost & Sullivan 2020 Asia-Pacific…

Ignatius Indrawan Sumawinata - Mahasiswa President University

Senin, 13 Juli 2020 - 18:15 WIB

The Second Fall of Datsun in Indonesia

Datsun is a Nissan legendary car brand that has ever existed in the 70s by reason of its comfort and reliable performance. Having that greatness did not guarantee its sales perfromance in Indonesia,…

FARO Technologies, Inc

Kamis, 09 Juli 2020 - 22:05 WIB

FARO Launches Freestyle 2 Portable 3D Scanner

FARO Technologies, Inc. (NASDAQ: FARO), the global leader for 3D Metrology, AEC, and Public Safety Analytics, today announced the release of its most portable and advanced handheld 3D forensic…

Harmawan Student of MBA President University

Rabu, 08 Juli 2020 - 21:05 WIB

Innovate Or Terminate How To Survive The Business in Covid-19 Pandemic

Bring new innovation would bring new customer and new opportunity in business but many businesses are afraid to take a step to make that change. Especially this Covid 19 Pandemic brings many…