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Quarter III: Intiland Development Achieves revenues of 1.65 Trillion Rupiah

Jakarta (Benchmark News) – Issuers property Tbk. PT Intiland Development gross as much as Rp1,65 trillion in 2016, nine months growing 7.17% compared to the same period last year.

Based on the company’s financial reports published Friday (28/10/1999), donated by Intiland income property sales and revenues. Property sales Intiland at
September 2016 stagnant at Rp1,4 trillion.

Property sales or high rise building and the largest contributors being residential actually grew, respectively 11% and 16%. However, the industrial land sales plummeted 95%. Intiland, was known to have an industrial area in East Java, Ngoro.

In addition to selling the property, Intiland also topped the income from rental property investment and the cost of maintenance services. Per September 2016, the revenue from this segment reached Rp250,35 billion or grew 53%.

Despite growing revenues, net income suffered Intiland thin correction of 3% to Rp205,11 billion. One of the causes of the company’s stock, codenamed spider DILD it decreases among others an increase in interest expenses to reach 34% to Rp104,8 billion…(Red)

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