JAKARTA (Indonesia Today) – Property developer PT Cowell Development Tbk (COWL), through its unit PT Satria Pusaka Permata Perkasa (SP3) has bagged loan facility of Rp300 billion from PT Bank DKI.
The company plans to develop 2 property projects this year with initial investment cost of Rp600 billion. That 2 property projects are Lexington Residence apartment in South Jakarta and The Oasis mixed used development in Cikarang (West Java).
COWL booked revenues of Rp171.24 billion in first half of 2014 and net profit of Rp13.08 billion. The company revised down its marketing sales growth to 30% for this year due to the presidential election.