JAKARTA (Yosefardi) – Property developer PT Megapolitan Development Tbk (EMDE) allocates Rp1.2 trillion to fund 3 projects this year, Centro Cinere CBD, Graha Cinere, and Vivo Sentul.
The company targets to book sales of Rp700 billion this year, supported by the said 3 projects.
EMDE booked revenue of Rp206.8 billion in first nine months of 2014, jumped 79% from Rp115 billion in the same period of 2013. Net profit surged 141 to Rp29 billion from earlier Rp12.2 billion.
As at September 2014, its assets reached Rp1.12 trillion of which cash accounted for Rp109 billion. While liability total Rp532 billion.