PT Puradelta Lestari Tbk Booked Revenue of IDR1.2 Trillion in the First Half of 2024

CIKARANG, July 30, 2024 – PT Puradelta Lestari Tbk and Subsidiary (“the Company” or “DMAS”), property developer of modern integrated industrial township of Kota Deltamas, booked revenues of IDR1.2 trillion in the first half of 2024, or increase by 24.4% compared to revenues in the first half of 2023
of IDR969 billion.

“Industrial segment contributed the most with revenue amount of IDR1.1 trillion or around 95% from the total revenues in the first half of 2024” said Tondy Suwanto, Director and Corporate Secretary of the Company. Apart from that, the residential segment contributed IDR26 billion and the segment commercial contributed IDR22 billion. While the rental segment and the hotel segment contributed IDR8.3 billion and IDR8 billion respectively.

Data center sector remains to be the main contributor to the industrial land sales that were recorded as the Company’s revenues in the first half of 2024,” said Tondy Suwanto.

The Company’s gross profit increased by 26% from IDR667 billion in the first half of 2023 to IDR841 billion in the first half of 2024. “Gross profit margin in the first half of 2024 was booked around 70%,” said Tondy Suwanto.

n line with the gross profit growth, operating profit of the Company also grew by 30% to IDR708.5 billion in the first half of 2024 compared to Rp545.8 billion in the same period of the previous year. The operating profit margin grew to 59% in the first half of this year in comparison to the operating profit
margin in the first half of last year of 56%.

In the first half of 2024, the Company recorded net profit of IDR803 billion, or increased 33.8% from the net profit in the first half of 2023 of IDR600 billion. Meanwhile, net profit margin was recorded at 67%.

From a fundamental perspective, total assets of the Company as of June 30, 2024, was recorded of IDR7.66 trillion, increased by IDR939 billion or 14% in comparison to total assets of the Company as of December 31, 2023, of IDR6.72 trillion, whereby the hike was mainly due to increasing cash and cash equivalent. Cash and cash equivalent position as of June 30, 2024, was IDR1.87 trillion, increased by Rp840 billion or 82% in comparison to cash and cash equivalent position as of December 31, 2023, of IDR1.03 trillion.

Meanwhile, total liabilities of the Company as of June 30, 2024, was recorded at IDR973 billion, which was IDR135 billion or 16% slightly higher than total liabilities of the Company as of December 31, 2023, of IDR838 billion. The increase of total liabilities was mainly due to increase of contract liabilities, third party of IDR84 billion or around 16%. Total equity (net) as of June 30, 2024, increased around 13.7% to IDR6.7 trillion compared to the total equity (net) as of December 31, 2023, of Rp5.9 trillion.

The Company does not have any debt. With healthy net cash position, the Company strives to develop Kota Deltamas to realize Kota Deltamas as an integrated township at east of Jakarta by combining industrial, commercial, and residential estates.

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