JAKARTA (Yosefardi) – Property developer PT Bakrieland Development Tbk (ELTY) allocates Rp1.1 trillion for funding its business expansion this year, Investor Daily reported this morning.
The company is also now restructuring its debt worth US$155 million. ELTY plans to seek loan of Rp715 billion for funding its capital expenditure (capex) for this year.
With the expansion, ELTY targets to book revenue of Rp2.8 trillion to Rp3 trillion this year. In first nine months of 2014, ELTY booked net profit of Rp210.49 billion on revenue of Rp1.3 trillion.