JAKARTA – PT Agung Podomoro Land Tbk (APLN), a property developer, posted marketing sales of IDR 1.47 trillion until this October. This gain was IDR 470 billion higher than its marketing sales recorded by the end of H1 2021 of IDR 1 trillion.
F Justin Omas, Corporate Secretary of Agung Podomoro Land, claimed that the current marketing sales have yet to consider any Value-Added Tax (VAT) that was concluded by the end of October 2021. The contributors of the said achievement include Podomoro Park, Bandung, of 32%, Podomoro City Deli, Medan, of 27%, Pakubuwono Spring of 11% Podomoro Golf View Cimanggis 7%, and Grand Taruma Karawang 7%.
As of September 2021, the company secured sales and operating revenue of IDR 2.90 trillion, climbing from IDR 2.8 trillion in the same period last year. However, its gross profit dropped to IDR 1.01 trillion from IDR 1.27 trillion due to increased sales and direct expenses. Thus, the current year’s loss also jumped to IDR 311.82 billion from IDR 195.21 billion.
APLN is known to have wrapped up 50 property projects in the last ten years, focusing on upper-middle-class needs. (LK/ZH)