PT Lippo Cikarang Tbk (LPCK or the Company) recorded a pre-sales value of IDR 1,301 billion in FY23, or reached 94.6% of the 2023 target of IDR 1,375 billion.
The company also reported total revenue of IDR 1,075 billion in 2023, or a decrease of 15% from 2022 due to a decrease in handovers of residential houses and apartments, and industrial land when compared to the previous year.
In the 2023 financial year, the Company’s main income will come from the handover of landed houses, commercial units or shophouses, industrial land as well as non-property income from Lippo Cikarang city management. Housing projects handed over in FY23 include Waterfront Estates @Uptown, with 365 units and The Hive @Uptown with 36 units.
The Company’s gross profit was also recorded as positive at IDR 527 billion with a gross profit margin that can be maintained at a healthy level of 49% throughout 2023. This is the 2023 financial report ending on December 31 2023 as announced by the Company.
PT Lippo Cikarang Tbk management explained that in 2023, the Company’s Ebitda could remain positive at IDR 297 billion or 28% of revenue. Apart from that, net profit was recorded at IDR 108.6 billion.
The company recorded a pre-sales value of IDR 1,301 billion in the 2023 financial year, or down slightly compared to the 2022 financial year, and reached 94.6% of the target for 2023 of IDR 1,375 billion.
Pre-sales in FY23 were driven by strong demand for residential projects, especially landed house products as well as high demand for industrial land, with contributions of 45% and 24% respectively. The remaining 21% consists of shophouses and commercial land. The Company’s main products are landed houses
Cendana Spark, Cendana Spark – North and Waterfront Estate Uptown cluster products. During 2023, the Company has succeeded in selling 1,127 units from the above residential, industrial and commercial projects.
LPCK President Director, Ketut Budi Wijaya, stated that LPCK is optimistic that there are still many opportunities for growth in the property industry. “During 2023, the Company has achieved pre-sales in accordance with the target set despite facing many challenges in the property sector such as rising reference interest rates and inflationary pressures. In facing 2024, we are confident that it will remain
maintain growth momentum with the right product mix strategy. “We are also committed to continuing development so that we can carry out timely handover to our customers,” he explained.
#Lippo #Cikarang #Tbk #Book #PreSales #IDR #Billion