{"id":15690,"date":"2020-01-06T17:05:47","date_gmt":"2020-01-06T10:05:47","guid":{"rendered":"https:\/\/www.intiland.com\/?p=15690"},"modified":"2023-06-27T14:39:37","modified_gmt":"2023-06-27T07:39:37","slug":"intiland-kejar-kinerja-di-triwulan-keempat-2019","status":"publish","type":"post","link":"https:\/\/www.intiland.com\/en\/intiland-kejar-kinerja-di-triwulan-keempat-2019\/","title":{"rendered":"Intiland Boosted Performance in 4Q 2019"},"content":{"rendered":"

Jakarta (1\/6) \u2013 Property developer PT Intiland <\/span>Development Tbk (Intiland; DILD) significantly boosted its sales in the fourth quarter of 2019. In Q4 2019, the Company managed to sell its land inventory in the non-core category covering a total area of ca. 40 hectares, worth Rp460 billion. The amount was derived from the sale of two plots of land in East Surabaya as well as a plot of land and buildings in West Surabaya. The Company recorded total marketing sales worth Rp700 billion for the period.<\/span><\/p>\n

Intiland\u2019s Director of Capital and Investment Management, Archied Noto Pradono explained that in Q4 2019, the Company also undertook a series of strategic steps in an effort to maintain and enhance its business performance. On 3 December 2019, the Company sold shares and receivables to a subsidiary engaged in hospitals valued at Rp636 billion.<\/span><\/p>\n

\u201cWe will use the proceeds from the sale of these shares to repay debt. The rest will be used for our operational and capital needs,\u201d he explained.<\/span><\/p>\n

In addition, the Company was able to maintain recurring income achievement at a stable level. The Company expects to record recurring income of around Rp600 billion in 2019.<\/span><\/p>\n

With such a sales performance and the strategic steps it took, the Company\u2019s net profit is projected to soar by more than 20% for FY 2019, while its debt will go down by around Rp300 billion from the figure recorded in Q3 2019.<\/span><\/p>\n

The property market has not improved<\/strong><\/span><\/p>\n

\u201cIn general, the property market in 2019 was not encouraging.\u00a0\u00a0 It is still weak and \u00a0consumer <\/span>attitude remains a wait-and-see one, especially <\/span>involving purchases of high rise property <\/span>targeting middle- and upper-class consumers,\u201d Archied said.<\/span><\/p>\n

2020 Projections<\/strong><\/span><\/p>\n

The Company projects that the property market\u2019s condition in 2020 will not change significantly. However, the Company continues to strive to maintain and improve its sales performance in 2020 by relying on sales from current projects and by launching several new projects.<\/span><\/p>\n

\u201cThe contributor to marketing sales this year will be from the launching of new projects, such as Pinang Apartment in October 2020\u201d, Archied said.<\/span><\/p>\n

Archied explained that in addition to focusing on developing residential projects, the Company is also expanding, this year, its business in the industrial estate development segment. In 2020, it plans to embark on the development of first phase a new industrial estate project located in Central Java, with a total area of 287 ha, and new area development in Ngoro Industrial Park, Mojokerto, East Java.<\/span><\/p>\n

\u201cThe prospect of developing industrial estates in Indonesia remains very bright. This new industrial estate development project has a highly positive potential, due to its strategic location, being close to toll road and power plant, and supported by more competitive labor costs,\u201d Archied explained.<\/span><\/p>\n

This expansion, he believed, is in line with the government\u2019s aim to increase foreign direct investment (FDI) to Indonesia. The development of industrial estate projects shall have a positive long-term impact on the Company\u2019s future performance and supports the government\u2019s initiative to attract foreign investment into Indonesia.<\/span><\/p>\n

In addition to developing apartment projects and new industrial estates, the Company is also preparing a new development plan for the Talaga Bestari project in Tangerang. The new development on 70 ha of land will begin in mid\u2013 2020.<\/span><\/p>\n

In 2020, the Company has allocated capital expenditures (capex) of Rp1.5 trillion. This will be used to finance ongoing constructions and development of new projects.<\/span><\/p>\n

Facing the challenges this year, the Company <\/span>hopes that the government will support the national property sector\u2019s development. One factor expected to be a catalyst for growth is the issuance of regulations that will streamline and simplify licensing processes.<\/span><\/p>\n

\u201cWe hope that the Omnibus Law will have a positive impact on the growth of the property industry in general and the Company\u2019s business,\u201d Archied explained.***<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Jakarta (1\/6) \u2013 Property developer PT Intiland Development Tbk (Intiland; DILD) significantly boosted its sales in the fourth quarter of<\/p>\n","protected":false},"author":5,"featured_media":15691,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"inline_featured_image":false,"footnotes":""},"categories":[57,58,41],"tags":[],"class_list":["post-15690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","category-press-release-en","category-press-release"],"_links":{"self":[{"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/posts\/15690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/comments?post=15690"}],"version-history":[{"count":0,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/posts\/15690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/media\/15691"}],"wp:attachment":[{"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/media?parent=15690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/categories?post=15690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intiland.com\/en\/wp-json\/wp\/v2\/tags?post=15690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}