JAKARTA (Yosefardi) – Property developer PT Ciputra Development Tbk (CTRA) revised its marketing sales target by 13.7% to Rp9.4 trillion for this year, from previous target of Rp10.9 trillion as by July, the marketing sales only reached Rp4.5 trillion.
While targets for revenue and net profit for this year are maintained at Rp8.25 trillion and Rp1.72 trillion respectively, a 30% growth compared to last year’s results.
But in the first half of this year, CTRA reported 20% decline in profit attributable to owner to Rp478.8 billion, compared to Rp600.5 billion in the corresponding period of 2014.
Revenue rose 10% to Rp3.09 trillion from previous Rp2.8 trillion. Its assets reached Rp24.57 trillion while liability amounted Rp12.75 trillion. CTRA has huge cash and cash equivalent of Rp2.73 trillion.