Lippo Karawaci's Revenue Grew by 38% in 2021

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Reza Pahlevi 06/04/2022 11:20 WIB

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Lippo Karawaci reported revenue of Rp16.53 trillion and a net loss of Rp1.6 trillion in 2021.

Lippo Karawaci Net Revenue and Profit (2017-2021)

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Lippo Karawaci's Revenue Grew by 38% in 2021

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Lippo Karawaci Net Revenue and Profit (2017-2021)

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PT Lippo Karawaci Tbk, a property [sector] issuer, recorded revenue of Rp16.53 trillion in 2021. This figure represents a 38% increase from the Rp11.97 trillion revenue in 2020.

Despite this revenue growth, the issuer, with the stock code LPKR, still recorded a net loss of Rp1.6 trillion in 2021. This loss figure decreased by 82% compared to the Rp8.89 trillion loss in 2020.

Throughout 2021, all of Lippo Karawaci's revenue segments reported increases. Property development revenue increased by 35%, healthcare services by 32%, and property management and services by 40%.

In the last five years, Lippo Karawaci only recorded a profit in 2018, amounting to Rp720 billion.

For the remaining years, Lippo Karawaci recorded a net loss of Rp377 billion in 2017, Rp1.98 trillion in 2019, and Rp8.89 trillion in 2020.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."