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Monday, March 22, 2010

Lippo Cikarang's profit increase 81%

Lippo Cikarang's profit increase 81%

Monday, 22/03/2010 20:46:09 WIB

By: Irvin Avriano A.

JAKARTA ( PT Lippo Cikarang Tbk booked net profit increased 81.19% from IDR14,17 bio in 2008 to IDR25,68 bio at the end of last year.

Based on the company's financial statements which published on exchange authority websites today, their net income grows 16.85% from IDR276,55 bio to IDR323,15 bio in the same period.

The financial statements that audited by RSM Aryanto, Jusuf Amir, Rose, & Saptoto also shows the company has increased the burden interest from IDR182,45 bio in 2008 to IDR268,79 bio last year.

The stock emitter still have a business debt with related parties for IDR450,88 mio at the end of which have not been paid since 2008 last year. Company's debt from special relationship with PT Lippo Karawaci Tbk also a decrease from IDRRp484,69 bio to IDR461,02 bio at the same period.(mrp)

In the last week, the company completed Lippo Karawaci St. Moritz Penthouses & Residences up to 20% of planned 11 development projects in an area of 11 hectares.

Superblock physical activity were entered into the fourth apartment tower. A total of three towers of which had entered the ground floor work targeted funds will be completed in October 2011. (mrp)



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