JAKARTA - PT Total Bangun Persada Tbk (TOTL) recorded the revenue of Rp 2.78 trillion in 2018, down from Rp 1.93 trillion in 2017. While the gross profit of Rp 443,93 billion, up from Rp 440.26 billion in 2017 and the profit for the year of Rp 204.41 billion, down from Rp 231.26 billion.
Based on the company's financial statement in 2018, the income from joint venture recorded Rp 8.53 billion, declined from Rp 61.81 billion, the gross profit after income from joint ventures of Rp 452.46 billion, declined from Rp 502.07 billion, while the operating income of Rp 257.88 billion, declined from Rp 292.88 billion in 2017.
The decrease in revenue was due to the achievement of new contracts below target or 79.49%of its target at Rp 4 trillion. The repeat customers contributed around 76.63% of total revenue and new customers at 23.37%. This repeat customers below from 87.79% in 2017, however above the realisation of new customers of 12.21% in 2017.
In 2018, the composition of the residential building consisted of the office building (41.81%), high rise residential building (54.65%), educational (1.08%), shopping centre (1.92%), and remaining of others. In 2017, the office building contributed (37.36%), high rise residential building (52.51%), educational (1.54%), shopping centre (6.85%), and remaining from others. (LK)