Posts Tagged ‘Bakrieland’
PT Bakrieland More Profit Target In 2010
PT Bakrieland Development Tbk target revenue will reach Rp1, 31 trillion in 2010 or an increase of 25 percent with the assumption that interest rate loans (KPR) is still lower than the year 2009.
“The target we made very conservative deliberately anticipate the development of the economic crisis in Europe,” said President Director and Chief Executive Officer of PT Bakrieland Development Tbk, Mr S Thaib in Jakarta, Tuesday, at the General Meeting of Shareholders and Annual Meeting of the Extraordinary General Shareholders (AGM and EGM).
According to him, if in the first half was a crisis in Europe did not interfere with the property business in Indonesia and the target was exceeded, the revenue management Bakrieland stay implement the revised target for the year 2001.
Bakrieland, according to Mr, in the year 2009 managed to retain earnings amounted to Rp1, 059 trillion, assets grew 39 percent to reach Rp11, 592 trillion. “One of the revenue contribution is obtained from the completion of a number of properties and infrastructure projects such as the Brass Epicentrum, Bogor Nirwana Resort (BNR), Pullman Bali, and Toll Kanci – Pejagan which operates January 26, 2010,” explained Hiramsyah.
Hiramsyah explained, Epicentrum Walk as a place of entertainment at Drogheda was inaugurated in March 2010, and the Bakrie Tower is expected to be fully operational by June 2010.
Then Bakrieland will also operate the East Central Apartments in Pulo Gebang, East Jakarta in June 2010 in cooperation with Perumnas, said Mr.
While for the residential in the year 2010 will launch three new clusters namely Harmony 3, Harmony Boulevard, and The Cliff is intended for upper middle market.
Then, for infrastructure, Hiramsyah optimistic traffic growth in the Toll Kanci – Pejagan in the year 2010 is very good considering since early January in operation on average each month rose from 10 to 12 percent.
“If we see growth, we estimate that at year end 2010 Toll Kanci – Pejagan will contribute seven to nine per cent of total revenue. We believe revenues from toll Kanci – Pejagan can be reached Rp100 billion to Rp120 billion in 2010,” he said optimistically.
Meanwhile, the Finance Director of PT Bakrieland Development Tbk, Ferdinand Sadeli said, with equity in excess of Rp4, 6 trillion, placing Bakrieland as a property company listed on the stock with the highest equity.
Bakrieland has a solid balance sheet liabilities reflected in the ratio of interest expense to equity or Debt Equity Ratio (DER) in the year 2009 amounted to 66 percent.
“This figure is lower when using as a reference net gearing ratio of 48.4 percent that is,” he said.
He also expressed, is associated with the news that mention Bakrieland will carry out the issuance of stocks and bonds, the plan was still carried out an evaluation to see the condition of capital markets in Indonesia.
“At least in the near future the existing results of the evaluation study. Later we will announce. But clearly the condition of capital markets in Indonesia have so far been favorable,” he explained. (ANT)