PT PP Properti Tbk (PPRO), a listed property and subsidiary of PT PP (Persero) Tbk (PTPP), expressed its optimism to have assets up to Rp 12.4 trillion in 2019, up 133.96% compared to the value at the end of last year to Rp 5, 3 trillion.
The optimistic expression has made the stock price to show an upward trend of up to 114% since the beginning of the year.
Projected asset increase is in line with the target of increasing revenue to Rp 4.5 trillion in 2019, up 200% compared to revenues in 2015 amounted to Rp 1.5 trillion.
PP Properti’s revenue target this year is Rp 2.1 trillion, then targeted to increase to Rp 2.7 trillion in the next year, and rose again to Rp 3.5 trillion in 2018.
The mainstay projects of PP Properti in improving its assets and income in three years ahead, are among others, Grand Sungkono Lagoon and Grand Dharmahusada Lagoon (Surabaya), Grand Kamala Lagoon (Bekasi), Payon Amartha and Amartha View (Semarang), Pavillion Permata 2, Gunung Putri Square (Bogor), and The Ayoma Apartement (Serpong).
In the next three years, the company targets Grand Kamala Lagoon, Grand Sungkono Lagoon, as well as the Grand Dharmahusada Lagoon to fully completed and can support target marketing sales to Rp 5.5 trillion, up 189.47% compared to sales achievement throughout 2015.(*)
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