PT AGUNG PODOMORO LAND TBK FIRST QUARTER 2014 RESULTS
April 30, 2014
Profit Attributable to Owners of the Company Increased by 21%
Jakarta, April 30, 2014. PT Agung Podomoro Land Tbk (“APLN” or “the Company”) – (Ticker IDX: APLN) – today announced its un-audited financial results for the period ended 31 March 2014.
APLN recorded sales and revenues of IDR1,165.1 billion in 1Q-2014, grew 2.0% compared to the achievement in the same period last year. Contribution from recurring revenues continued to increase to 25.6% of total sales and revenues in 1Q-2014, up from 19.9% in 1Q-2013. In addition to improved performance of APLN’s malls (Central Park Mall and Emporium Pluit Mall) and Amaris Thamrin City Hotel, initial contribution from Baywalk Mall and Sofitel Bali Nusa Dua Beach Resort which were launched in 4Q-2013 also drove the increase.
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