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Quarter III Sentul City Achieves Profit Rp 117 billion

Jakarta (Benchmark News) – The acquisition of PT Sentul City net profit Tbk. (BKSL) in quarter III 2016, reaching Rp 117 billion which accounted for 9 months of the year 2016. An increase in up to 200% if compared to the same period in 2015. At that time, the company suffered a loss was recorded to reach Rp 117 billion.
“Apart from the factor of increased sales, the company is also supported by the company management’s success in boosting cost efficiency where cost of revenue declined by 16%,” Ali Akbar, Finance Director of PT Sentul City Tbk said. in his remarks to Benchmarknews.

He said, an increase in the financial performance of the company are sourced from revenue growth of 20% that comes from the sale of the block sales of Rp. 132 billion, with respect as regards cooperation with PT PP Property (Persero) Tbk. for the development of the project, which is estimated at Verdura Apartments will be launched at the beginning of December 2016.

In addition to the sales block sales, he said, the company also heavily in increasing sales of residential unit where all 9 months of the year 2016, the company has recorded sales of Rp. 241 billion from the sale of Centronia cluster, cluster Green Valley, clusters, clusters Cattleya Natura Natura Basea, clusters, clusters of major Natura Natura Acacia, and others.

“While EBITDA experienced a significant increase of 472% as the impact of other operating expenses decreased 89% and the increase in other operating income was 52%. So in quarter III 2016, companies can obtain profit of Rp 117 billion, “explained Ali Akbar.

The area of Sentul City which consists of residential and commercial, are integrated and integrated project in South Jakarta. The facilities include AEON Mall, Giant Sentul City, Clean Market, the market Ah Poong, Taman Budaya, Jungleland Adventure Theme Park and the University of Trisakti…(Red)

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