PT Pakuwon Jati (PWON) regained prestigious award. This time Forbes, a global media company gave recognition of success of Pakuwon Jati as the best property company in Indonesia in 2015 which proved to be able to continue to grow in a sustainable manner.
President Director PT Pakuwon Jati Tbk, Richard Adisastra (center) regained Forbes Award 2015 which is presented by Christopher Forbes (Vice Chairman Forbes Media) and Tan Sri Dr. Jeffrey Cheah (Founder and Chairman Sunway Group) at Kuala Lumpur, 2 November 2015.
The Best Under A Billion is a tribute from Forbes Media to the 200 best public companies in the Asia Pacific region that values its revenues between USD 5 million to USD 1 billion. Forbes Media selects 17,000 public companies to get the 200 best companies that selected based on strict criteria, among others are average ROE of the last 5 years, margin before taxes is greater than 10%, sales growth and earnings per share for the period of 1 and 3 years, DER level of less than 75% and the level of trading activity in the last year.
"We are proud to be the only property company in Indonesia which was awarded 200 Best Under A Billion of Forbes Asia. This recognition will motivate us to continue to enhance shareholder value in a sustainable manner", said Minarto Basuki .
Until September 2015, Pakuwon Jati (PWON) recorded a net income of Rp 3,563 billion, growing 31% from the same period in 2014 which reached Rp 2,717 billion.