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Healthcare service lifted Lippo Karawaci revenue up by 38%

07 April 2022 15:14

JAKARTA. PT Lippo Karawaci Tbk (LPKR) recorded 38% revenue growth to IDR 16.53 trillion by the end of 2021, thanks to the increased income from healthcare services and real estate sector.

The revenue generated by LPKR’s real estate business reportedly grew 36% year-on-year (yoy) to IDR 4.41 trillion. This jump resulted from several successful landed housing projects, including Waterfront Estates, Cikarang and Cendana Homes, and Lippo Village.

LPKR’s marketing sales also exceeded the target in 2021, reaching IDR 4.96 trillion or proliferating 86% yoy. This positive trend is estimated to be sustained this year.

In addition to real estate development, LPKR also made recurring income of IDR 12.12 trillion from its many business lines. They included healthcare services of IDR 9.38 trillion, malls of IDR 1.44 trillion, real estate management services of IDR 1.27 trillion, and investments of IDR 32 billion.

Despite all these gains, LPKR turned out to still be at a loss, reaching minus IDR 1.6 trillion by the end of 2021. Fortunately, the loss in 2021 was lower than the devastating IDR 8.9 trillion loss reported in 2020. (KR/ZH)

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