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Nusa Cipta Raya's revenue increases to Rp 2.45 trillion

08 March 2019 11:01

JAKARTA - PT Nusa Cipta Raya Tbk (NRCA)'s revenue in 2018 was higher than its revenue in 2017. The increase in revenue sourced from two segments, construction and hotel.  However, its profit actually decreased.

Based on the company's financial statements, the construction segment contributed Rp 2.45 trillion to the company's total revenue, while the hotel segment contributed Rp 3.34 billion. In the same period of 2017, the construction segment contributed Rp 2.16 trillion, while the hotel segment did not contribute anything. Although the company's revenue increased year on year, the cost of revenue also increased. In 2018, the company's total cost of revenue was recorded at Rp 2.20 trillion, rose from Rp 1.94 trillion in 2017.

Based on the geographic segment, Jakarta contributed Rp 1.36 trillion, the largest among other areas, such as Denpasar, Bali (Rp 443.95 billion), Semarang, Central Java (Rp 291.50 billion), Surabaya, East Java (Rp 299.63 billion), and Medan, North Sumatera (Rp 55.38 billion).

In 2018, the gross profit of the company was recorded at Rp 251.12 billion, higher than its gross profit in 2017 (Rp 214.87 billion). The operating profit of the company was recorded at Rp 163.56 billion, lower than the number from last year (Rp 218.13 billion).  The company's profit for the year was recorded at Rp 117.96 billion, lower than the number from 2017 (Rp 153.44 billion). (LK/AR)

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