Revenue Up 102%, Alam Sutera Turns Loss into Profit

Market

Lite

Reza Pahlevi 05/04/2022 12:00 WIB

URL has been copied

Memuat...

Property developer PT Alam Sutera Realty Tbk recorded revenue of Rp2.85 trillion with a net profit of Rp145.69 billion in 2021.

Alam Sutera Net Income and Profit/Loss (2017-2021)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Revenue Up 102%, Alam Sutera Turns Loss into Profit

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Alam Sutera Net Income and Profit/Loss (2017-2021)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Property developer PT Alam Sutera Realty Tbk recorded revenue of Rp2.85 trillion with a net profit of Rp145.69 billion in 2021. Alam Sutera successfully increased its revenue by 102% and turned a loss into a profit.

In 2020, Alam Sutera's revenue was recorded at Rp1.41 trillion. The low revenue due to the pandemic resulted in the company recording a net loss of Rp1.03 trillion.

The government provided a Value Added Tax (VAT) incentive, the government-borne VAT (PPN DTP), last year. This incentive caused property development revenue to skyrocket by 124% to Rp2.43 trillion.

The PPN DTP was implemented starting in February 2021. A 100% tax discount was given for homes with a selling price below Rp2 billion, and a 50% discount for houses with a selling price of Rp2 billion to Rp5 billion.

This year, the government continues to implement the PPN DTP with a smaller discount until September. The tax discount is 50% for houses below Rp2 billion and 25% for houses priced between Rp2 billion and Rp5 billion.

Editor : Annissa Mutia

"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."