JAKARTA (Yosefardi) – Property developer PT Sentul City Tbk (BKSL) suffered loss of Rp118 billion in first nine months to September of 2015, compared to loss Rp4 billion in the same period of 2014.

Revenues declined 16% to Rp398 billion. It booked operating loss of Rp54 billion, compared to loss Rp59 billion a year earlier. BKSL’s assets reached Rp10.1 trillion while liability amounted Rp3.98 trillion.

BKSL allocates Rp500 billion for landed houses project in 2016, to balance the recurring income from AOEN Mall Sentul and high-rise building projects.

The company also mulls to expand its hotel business to Lombok with investment cost of Rp300 billion. BKSL allocates capex of Rp1.2-1.4 trillion for 2016. AOEN Mall needs investment of Rp1.2 trillion, targeted to operate in 2018.