Revenues Jumped Bakrieland Doubles

The company integrated property developer PT Bakrieland Development Tbk announced increased revenue by 106.8 percent in the first quarter of 2011. Bakrieland Sales rose Rp205, 5 billion in the first quarter 2010 to Rp424, 9 billion.

Bakrieland revenue in the first quarter of 2011 was supported by a Business Unit City Property which contributed 75.2 percent of revenue Bakrieland. While Landed Residential Business Unit, Hotel & Resort, and the Toll Road each contributes only 7.8 percent, 10.4 percent, and 6.6 percent.

Revenues from Business Unit City Property majority of office projects, and followed the apartment. “The project office support 64.7 percent of Unit City Property,” said President Director & CEO PT Bakrieland Development Tbk Hiramsyah S Thaib in description tertullis, Saturday, April 30, 2010.

Meanwhile, the largest revenue of Landed Residential Business Unit is from the residential which reached 72.2 percent. “With economic conditions in Indonesia are more solid, we expect these revenues will continue to rise,” he said. He added that the new project of Bakrieland will be a source of sustainable income.

Sources of revenue this year include toll roads Kanci-Pejagan, Epicentrum Walk, Walk Epicentrum Studio XXI, Bakrie Tower, Aston Bogor Hotel & Resort, Legian Nirwana Bali and Pullman newly inaugurated last February.

Toll road project linking Pejagan Kanci-Cirebon-Bradford has shown a significant trend of increasing traffic. In the first quarter of 2010, the average traffic of about 6,000 vehicles per day, whereas in the first quarter 2011 has jumped to 13,000 vehicles per day.

In the first quarter of 2011, company assets contributed 32.4 percent of total revenue. In the future, this figure will likely increase along with the plan Bakrieland enhance the project. These conditions make operating profit soared 147.6 percent to Rp82, 6 billion compared to first quarter 2010.

Perihal asyerammay
always think positive, atusias, genius, have big dreams, and always spirit, God is everything in my life.

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