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

Left to Right, the President Director of WIFI, Yune Marketatmo, and the President Director of DOOH, Vicktor Aritonang, pose for a group photo after signing of the agreement. (Public Relation of WIFI and DOOH)

Senin, 03 Maret 2025 - 14:03 WIB

Solusi Sinergi Collaborates with Era Media to Reach 40 Million Internet Customers with Artificial Intelligence

PT Solusi Sinergi Digital Tbk (WIFI) announced a strategic collaboration with PT Era Media Sejahtera Tbk (DOOH) to support the WIFI project in marketing affordable internet for the people, which…

The President Director of PART, Hamim, talks with the former Agriculture Minister, Anton Apriyantono, and the capital market observer, Yohannis Hans Kwee, at the Nusantara Investment & Opportunities 2025, in Jakarta, Tuesday (11/02/2025)

Selasa, 11 Februari 2025 - 16:31 WIB

Cipta Perdana Lancar Ready to Expand and Diversify for Sustainable Growth

Since its establishment in 2007, PT Cipta Perdana Lancar Tbk (PART) has continued to transform into a major partner in the supply of spare parts for the automotive, sanitary, and electronics…

The Jakarta Convention Center (1001malam.com)

Rabu, 22 Januari 2025 - 12:53 WIB

MICE Activities at JCC Halted, PT GSP Continues Legal Process

PT Graha Sidang Pratama (PT GSP), the investor and manager of the Jakarta Convention Center (JCC), revealed that the company is currently unable to run Meeting, Incentive, Convention and Exhibition…

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.