JAKARTA (Yosefardi) – Property developer PT Greenwood Sejahtera Tbk (GWSA) plans to issue bonds
worth Rp500 billion this months, part of its bond issue program of Rp1.5 trillion.
The bond will have tenor of 5 years. The offering is scheduled for January 5-8, 2015. The bond proceeds will be used to fund the acquisition of land area.
It allocates capital expenditure (capex) of Rp1.2 trillion for 2015.
GWSA booked net profit of Rp149.7 billion in first nine months of 2014, grew by 29% from Rp115.6 billion in the corresponding period of 2013.
Sales and revenue jumped 133% to Rp149.7 billion from previous Rp64.3 billion. Cost of goods sold only rose 11% to Rp30 billion.
Sales of offices jumped 126% to Rp85.9 billion and sales of apartment surged 50% to Rp27 billion. While revenue from office rental skyrocketed by 480% to Rp29.6 billion.