One of the largest property company in Indonesia, PT Pakuwon Jati Tbk (PWON) has posted a net income in Q1 2016 amounted to Rp543.22 billion or Rp11.28 per share, the figure jump 65,03% compared Rp328.62 billion or Rp 6.82 per shares in the same period last year.

Achievement PWON performance in Q1 2016 was mainly supported by the principal revenue grew by 6,84% to Rp 1.25 trillion of basic income Q1 2015 amounted to Rp1.17 trillion, and the Company also benefited rate large enough that Rp85.45 billion, while in the same period last year suffered a loss on foreign exchange of Rp146.64 billion. Below are details of the Company\'s principal revenue in Q1 2016 and Q1 2015, namely


1. Rental and service apartments - Rp426.03 billion and Rp382.33 billion.
2. Sales of condominiums and office - Rp315.22 billion and Rp435.43 billion.
3. Revenue Hotel - Rp49.48 billion and Rp33.59 billion.
4. Sales of land and buildings - Rp314.27 billion and Rp189.03 billion.
5. Other revenues - Rp140.69 billion and Rp127.18 billion.

 

Cost increases of Rp480.86 billion to Rp496.51 billion, and operating expenses increased from Rp71.01 billion to Rp97.09 billion, as well as increased financial expenses of Rp40.40 billion to Rp62.47 billion.


Until March 2016, the total assets of the company reached Rp19.31 trillion, an increase of 2,82% of total assets in 2015 amounting Rp18.78 trillion. Total debt decreased from Rp9.32 trillion in 2015 to Rp9.24 trillion in Q1, 2016.