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Lippo Karawaci revenue grows 39.33%

03 August 2021 07:33

JAKARTA – PT Lippo Karawaci Tbk (LPKR) records net revenue growth of 39.33% in the first half of 2021. However, it still suffers from the loss due to the increased finance and revenue costs.

In the Financial Report H1 2021, Ketut Budi Wijaya, President Director of PT Lippo Karawaci Tbk (LPKR), states that the company secures IDR 7.06 trillion in net revenue. It is higher than IDR 5.33 trillion reported in H1 2020. Then, its gross profit also shifts upward to IDR 2.93 trillion from IDR 2.06 trillion.

Meanwhile, its operating profit is revived at IDR 1.56 trillion from the loss of IDR 222.40 billion in H1 2020. Its earnings before tax are reported to only reach IDR 332.26 billion as the finance costs increase to IDR 1.23 trillion from IDR 726.84 billion. Meanwhile, the current loss diminishes to IDR 19.49 billion from IDR 1.21 trillion reported in the previous period. Lastly, its current comprehensive income is reported at minus IDR 3.15 trillion due to the losses on exchange differences on translation of IDR 3.10 trillion.

The main contributor of the revenue is the real estate management and service sector, bringing in IDR 3.81 trillion. Meanwhile, the real estate development sector adds IDR 1.93 trillion, and other sectors IDR 1.48 trillion. (LK/ZH)

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