One of the largest property company in Indonesia, PT Pakuwon Jati Tbk (PWON) reported a good performance with net profit growth of 18.63% to Rp895,97 billion or Rp18,60 per share compared Rp755,28 billion or Rp15,68 per shares in the same period in 2015.
Achievement PWON performance in the first half 2016 mainly supported by the revenue growth of Rp2,43 trillion to Rp2,44 trillion, and the Company also benefited from gain forex that Rp99,35 billion, while in the same period last year foreign exchange loss by Rp194,90 billion. Below are details of the income of the Company during the first semester 2016 and the first semester in 2015 :
1.Rental and serviced apartments - Rp860,05 billion and Rp782,13 billion.
2.Sales of condominiums and office - Rp702,32 billion and Rp768,95 billion.
3.Revenue Hotel - Rp102,01 billion and Rp69,54 billion.
4.Sale of land and buildings - Rp510,49 billion and Rp544,10 billion.
5.Other income (Water, Electricity and parking) - Rp266,02 billion and Rp261,91 billion.
Meanwhile, the Cost of the Company increased from Rp991,25 billion to Rp1.08 trillion, and operating expenses increased from Rp164,92 billion to Rp212,12 billion, as well as increased financial expenses of Rp88,05 billion to Rp113,72 billion.
Final tax company may increase slightly from Rp162,20 billion to Rp163,18 billion.
By the end of June 2016, total assets of the company reached Rp19,90 trillion, up 5.96% of total assets in 2015 amounting Rp18,78 trillion. Total debt increased from Rp9,32 trillion in 2015 to Rp9,70 trillion in the first semester 2016