JAKARTA. PT Summarecon Agung Tbk (SMRA) managed to exceed its marketing sales target for 2019 of Rp 4 trillion.
President Director of Summarecon, Adrianto P Adhi, explained that the property industry experienced a very tough period in 2014-2018.
The company hoped that the global economy would improve in 2019. However, the trade war between the United States and China caused the economy to sink even deeper in 2019.
In the midst of these challenges, Summarecon succeeded in exceeding its marketing sales target for 2019, recording Rp 4.1 trillion. Landed sales contributed 66% of the company's marketing sales, followed by apartments (14%), shop houses (12%) and land plots (8%), said Adrianto in a virtual public expose on Wednesday (12/8).
According to its financial report, Summarecon booked a revenue of Rp 5.94 trillion in 2019, recording 5% growth YoY. (AM/AR)