One of Indonesia's listed property developer PT Lippo Karawaci Tbk (LPKR), controlled by Riady family with its flag Lippo Group, today reportedly a 22% and 35% increase both in revenue and net income last year.
In an official statement submitted to Indonesia Stock Exchange (IDX) today, Lippo Karawaci posted Rp3.13 trillion revenue from Rp2.56 trillion, while net income reached Rp525 billion from Rp388 billion.
Revenue from residential segment rose 18% to Rp1.28 trillion from Rp1.08 trillion. Hospital business increased 16% to Rp1.04 trillion and commercial division contributed a 14% growth to Rp454 billion from Rp271 billion.
However, Lippo Karawaci hasn't explained about its operating profit last year.
Disclosure: No position at the stock mentioned above.
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