JAKARTA (Yosefardi) – Property developer PT Summarecon Agung Tbk (SMRA) plans to issue bonds and sukuk (Islamic bond) worth Rp300 billion next month. The offering is scheduled for April 16-17, April.
SMRA targets to raise Rp1.4 trillion from bond issue and Rp600 billion from sukuk issue. The company plans to expand to 9 regions in Indonesia with initial cost of Rp990 billion.
SMRA booked profit attributable to parent company of Rp1.39 trillion in 2014, grew by 26.8% from Rp1.1 trillion in 2013. Earning per share (EPS) was Rp96.92.
Revenues grew by 30% to Rp5.3 trillion from previous Rp4.09 trillion. Operating profit rose 38% to Rp1.86 trillion from earlier Rp1.35 trillion.
Its assets reached Rp15.38 trillion while liability amounted Rp9.38 trillion. The company has cash and cash equivalent of Rp1.69 trillion.