Three property developers under Ciputra Group posted net income growths, while one company booked a slight decrease in net income last year.
PT Ciputra Development Tbk (CTRA) posted a 89.22% increase in net income to IDR257.96 billion last year from IDR136.33 billion in the previous year.
PT Ciputra Property Tbk (CTRP) booked a 2,571.05% jump in net income to IDR91.35 billion from IDR3.42 billion, while PT Ciputra Surya Tbk (CTRS) made a 52.63% increase in net income to IDR87.18 billion from IDR57.12 billion.
A contractor PT Jaya Konstruksi Manggala Pratama Tbk (JKON) posted a slight decrease in net income of 8.42% to IDR115.36 billion from IDR125.97 billion.
Operating profit of Ciputra Development and Ciputra Surya rose 20.43% and 66.69% respectively to IDR341.82 billion and IDR105.43 billion from IDR283.84 billion and IDR63.25 billion respectively.
Ciputra Property and Jaya Konstruksi's operating profits lowered 2.52% and 5.59% respectively to IDR108.62 billion and IDR180.26 billion from IDR111.43 billion and IDR190.94 billion. Operating margins of Ciputra Development, Ciputra Property, and Jaya Konstruksi slightly decreased to 20.19%, 30.54%, and 6.71% from 21.30%, 33,03%, and 7.07% respectively. Operating margin of Ciputra Surya increased to 17.77% from 16.16%.
In term of revenue growth, CTRA, CTRP, and CTRA experienced growth of 27.07%, 5,41%, and 51.56% respectively to IDR1.69 trillion, IDR355.67 billion, and IDR593.30 billion from IDR1.33 trillion, IDR337.41 billion, and IDR391.45 billion. But, Jaya Konstruksi's revenue slightly fell 0.48% to IDR2.68 trillion from IDR2.69 trillion.
Disclosure: No position at the stock mentioned above.
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