Of the Seven Largest Property Issuers, Ciputra Was the Most Profitable in the First Half of 2022

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Reza Pahlevi 01/09/2022 14:10 WIB

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In the first semester of 2022, PT Ciputra Development Tbk (CTRA) recorded a net profit of Rp1 trillion. This is the largest profit among Indonesia's top seven property issuers.

Property Issuer Profit/Loss (Semester I 2022)

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Of the Seven Largest Property Issuers, Ciputra Was the Most Profitable in the First Half of 2022

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Property Issuer Profit/Loss (Semester I 2022)

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Seven large Indonesian property issuers have released their financial reports for the first half of 2022. During this period, PT Ciputra Development Tbk (CTRA) recorded the largest net profit, reaching Rp1 trillion.

Ciputra's net profit in the first half of the year surpassed that of PT Pakuwon Jati Tbk (PWON), which ranked second with a net profit of Rp753.5 billion.

Next in line is PT Bumi Serpong Damai Tbk (BSDE) with a net profit of Rp463.6 billion, PT Summarecon Agung Tbk (SMRA) with Rp254.04 billion, and PT Alam Sutera Realty Tbk (ASRI) with Rp216.84 billion.

Meanwhile, two property issuers recorded losses, namely Lippo Karawaci (LPKR) and PT Agung Podomoro Land Tbk (APLN). APLN recorded a net loss of Rp383.4 billion, while Lippo Karawaci's net loss reached Rp1.2 trillion for the first half of 2022.

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."