JAKARTA (Yosefardi) – PT Unggul Indah Cahaya Tbk (UNIC), producing Alkylbenzene, mulls to seek loan of US$250 million, equivalent Rp3 trillion, to fund its apartment and office complex project in Gatot Subroto area, Jakarta, Bisnis Indonesia reported this morning.
The loan is expected to have tenor of 3-4 years. The construction of this project will start by end of next year.
The company also engages in real estate segment through its unit PT Unggul Indah Investama which holds 55% stake in real estate company PT Wiranusa Grahatama that develops a low rise resort apartment.
UNIT recorded sales of US$305.27 million in first nine months of 2014, declined 3.85% from US$317.5 million in the same period of 2013. While net profit was US$6.5 million, dropped 27.5% from previous US$8.92 million.