JAKARTA (Indonesia Today) – PT Kawasan Industri Jababeka (KIJA), one of the leading industrial estate developers in Indonesia, had on Wednesday (Oct 3) signed agreement with Longlife Holding Co. Ltd to set up joint venture (JV) company in Indonesia.
The JV will build housing for senior living. The agreement was signed by Jababeka’s subsidiary PT Grahabuana Cikarang and Longlife International Business Investment Co. Ltd., subsidiary of Longlife Holding.
KIJA booked net profit of Rp205.8 billion in the first half of 2012, jumped almost threefold from Rp51.61 billion in the same period of 2011. Sales and revenue almost doubled to Rp729.7 billion from Rp369.07 billion in previous year.
Its assets totaled Rp6.07 trillion while liability amounted Rp2.37 trillion. It has cash and cash equivalent of Rp225.79 billion. (hans@theindonesiatoday.com)