28 September 2020
Metland Recorded Marketing Sales of IDR540 Billion
PT Metropolitan Land Tbk (MTLA) recorded marketing sales of IDR540 billion up until June 2020 or 27% of the Company's initial target for 2020 of IDR2 trillion. The marketing sales was made of property presales amounting to Rp365 billion and recurring income amounting to Rp175 billion.
In the first semester of 2020, Metland booked a revenue of Rp390 billion and a net profit of Rp.88 billion, a decrease compared to the same period in 2019. This decline is in line with global and Indonesia economic conditions which are experiencing a slowdown due to the Covid-19 pandemic, as well as lower recurring income from commercial property due to the Large-Scale Social Restrictions (PSBB) which was in full force for approximately two and a half months.
Metland Cibitung, Metland Cileungsi and Metland Menteng are the biggest contributors to the Company's marketing sales.
Metland Tags :