JAKARTA, KOMPAS.com – PT Intiland Development Tbk (DILD) will start offering land industrial areas in the Regency, Batang, Central Java, in Semester II-2020.
The project is currently under construction of road infrastructure, and other supporting infrastructure.
Director of Capital Management and Investment Archied Noto Pradono explained, the introduction of industrial estate projects in Batang, along with the Government’s plan to make Batang, and other areas along the North Coast of Java as a center for new economic growth.
“The plan is that we can offer Semester II-2020 to investors to buy the land,” Archied said in a virtual conference on Wednesday (07/15/2020).
Also read: Central Java Trending, Will be the New Primadona Industrial Area?
The land of this industrial area will add land bank The company currently reaches an area of 2,040 hectares.
According to Archied, Batang is indeed being highlighted at the moment because there are several large investors and there is quite a positive interest in the area.
By starting to offer this project to the market, Archied considers the company to be more ready to move this year.
The company’s performance during Semester I-2020 for the segment marketing sales print Rp 343 billion or 13 percent of the total target set at Rp 2.5 trillion.
The biggest contribution still comes from ongoing projects such as in Graha Natura, Serenia Hills, and Talaga Bestari.
This is because the company lost momentum in the first six months due to the Covid-19 Pandemic.
Related to the new project, there are a number of plans that are postponed until 2021, the project is a new cluster in Graha Natura, and a new cluster in Serenia Hills.
Also read: Ad Readability Increases by 5 Percent, Intiland Focuses on Digital Marketing
“We are now focused on sales inventory yes, “Archied added.
Quarter I Income Decreased
While the Company’s performance during the first quarter of 2020 posted operating revenues of Rp 830.6 billion, down 6.4 percent compared to the first quarter of 2019 worth Rp 887.6 billion.
This decrease is mainly due to the decline in income recognition from the m segmentixed-use & high rise and residential areas.
The actual development of Serenia Hills housing complex in South Jakarta, Friday (11/12/2015).-Development Income (development income) recorded the largest contribution, reaching Rp 546.8 billion or 82.3 percent of the total.
The acquisition is sourced from the development segment mixed-use dan high rise worth IDR 455.1 billion and housing area IDR 91.7 billion.
In the first quarter, the Company also sold 3.2 hectares of land in Surabaya worth Rp 58.3 billion.
Also read: To Boost Sales, Intiland Provides Virtual Show Unit Services
This land belongs to the category of inventory and does not include the main assets that will be developed in the near future.
The company also receives operating income sourced from sustainable income (recurring income) in the amount of Rp 159.6 billion or 17.7 percent of the total.
Operating revenues from this segment increased by 1.6 percent compared to the same period last year of Rp 157.1 billion.
In addition, the Company also obtained derivative revenue of Rp 124.1 billion. This interest income is the impact of the adoption of the new Statement of Financial Accounting Standards which took effect from the beginning of 2020.
The company recorded operating profit of Rp 234.9 billion or an increase of 27.6 percent compared to the same period last year.
This increase led to net profit of IDR 84.4 billion or jumped 74.4 percent compared to last year of IDR 48.4 billion.
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