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Property developer PT Ciputra Development Tbk recorded net revenue of Rp9.73 trillion in 2021. This revenue increased by 20.55% from Rp8.07 trillion in 2020.
Ciputra's revenue comprises two segments. The real estate sales segment contributed the most with Rp8.03 trillion, while the recurring income (rental) segment contributed Rp908.64 billion.
The increase in revenue was followed by an increase in net profit. Ciputra recorded a net profit of Rp1.73 trillion in 2021, an increase of 31.38% from Rp1.32 trillion in 2020.
Ciputra recorded pre-sales or marketing sales of Rp7.4 trillion throughout 2021. This achievement increased by 35% compared to the previous year.
The high marketing sales achievement was mainly driven by the government-borne value-added tax (PPN DTP) incentive program for property. Ciputra stated that 27% of pre-sales received the PPN DTP incentive.
"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."
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