PT AGUNG PODOMORO LAND TBK FULL YEAR 2011 RESULTS; Sales and Revenues Increased 97.2% year on year
December 28, 2011
Jakarta, 28 March, 2012. PT Agung Podomoro Land Tbk (“APLN” or “the Company”) – (Ticker IDX: APLN) – today announced its audited financial results for the year ended 31 December 2011.
APLN recorded sales and revenues in excess of IDR 3.8 trillion achieving 97.2% increase compared to IDR1.9 trillion in 2010. The increase in sales and revenues in 2011 was mostly driven by sales recognition in its biggest superblock projects namely Podomoro City and Kuningan City and initial sales recognition in new superblocks Green Bay Pluit and Green Lake Sunter. As planned, the contribution from recurring income increased from only 5.3% in FY2010 to 9.8% in FY2011 with the consolidation of Emporium Pluit Mall and additional revenues from Central Park Mall and others.
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