PT AGUNG PODOMORO LAND TBK FIRST QUARTER 2012 RESULTS; Sales and Revenues Increased 64.2% year on ye
June 14, 2012
Jakarta, 14 June, 2012. PT Agung Podomoro Land Tbk (“APLN” or “the Company”) – (Ticker IDX: APLN) – today announced its audited financial results for the period ended 31 March 2012.
APLN started 2012 with strong financial performance by recording sales and revenues of IDR 1,138.2 billion in 1Q-2012 achieving a 64.2% increase compared to IDR693.1 billion in 1Q-2011. The increase in sales and revenues was contributed mostly by Podomoro City, Kuningan City, Green Bay Pluit and Green Lake Sunter. The contribution from recurring revenues continued to increase to 13.1% in 1Q-2012, from only 5.8% in 1Q-2011 brought about by the consolidation of Emporium Pluit Mall and improved contributions from Central Park Mall and others.
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