HomeNewsVideos

RIMO aims to generate Rp 509 billion in revenue this year

28 May 2019 10:57

JAKARTA - PT Rimo International Lestari Tbk (RIMO) aims to generate Rp 509 billion in revenue this year. Also, the company will focus on the completion of the South Hills in the Kuningan area, Jakarta, which is projected to be completed in the third quarter.

"Of all the units in South Hill, the units that have been sold reached 400 units and the rest will be sold this year," said Henry Poerwantoro, Director of Rimo International as quoted from Bisnis.

For information, RIMO's revenue throughout 2018 was recorded at Rp 509 billion, 80% higher than its record in 2017 of Rp 283.34 billion. Last year, the company also managed to record a net profit of Rp 112 billion, a significant increase compared to the record from the previous year of Rp 59.73 billion.

Henry added that at present, buyers are still taking a wait-and-see action, given the unfavourable conditions of the presidential election. (LM)

© 2024 - IDN Financials - All Rights Reserved.