JAKARTA (Yosefardi) – Newly listed Industrial estate developer PT Puradelta Lestari Tbk (DMAS) allocates capital expenditure (capex) of Rp1.2 trillion for this year, 50% higher compared to Rp800 billion capex last year.
DMAS has raised Rp1.01 trillion from initial public offering (IPO) of 4.8 billion shares or 10% of its total issued and paid-up shares capital, priced at Rp210 per share.
The IPO priceeds will be used to fund the development of Deltamas project (60%), to fund land clearance in Bekasi, and to support working capital (10%). PDL booked net profit of Rp964 billion in 2014, compared to Rp941 billion in 2013.
Sales declined 15.8% to Rp1.54 trillion from previous Rp1.82 trillion.
For this year, DMAS targets revenues to grow by 80% to Rp2.2 trillion, from Rp1.2 trillion last year and net profit to reach Rp1.2-1.3 trillion. It had booked marketing sales of Rp475 billion in the first quarter of 2015, representing 25% of this year target of Rp1.9-2 trillion.