Two companies from Indonesia will be attending the conference, LPKR and SSIA.

Two companies from Indonesia will be attending the conference, LPKR and SSIA.

 

PT Lippo Karawaci Tbk

Focusing on large-scale integrated projects

■ Integrated property player. Lippo Karawaci is one of the largest property

companies in Indonesia by market cap. Its residential and urban

development division, Lippo Karawaci owns 1,517 ha in land bank; 7,826 ha

of land development rights, of which 4,827 ha has already been acquired;

and more than 5,000 units of residences are under development. It also

owns and manages 25 malls and seven hotels through its commercial

business. Lippo Karawaci also manages seven hospitals under the Siloam

Hospitals network.

■ 9M11 marketing sales. In 9M11, Lippo Karawaci posted Rp2.27 tn of

marketing sales, up 52.6% YoY from 9M10 sales of Rp1.5 tn. This growth

was mainly driven by sales in Lippo Cikarang, Kemang Village, St.Moritzand Park View Apartment.

■ 9M11 results. LPKR posted Rp2.9 tn of 9M11 revenue, up 30.5% YoY from

9M10. Its residential and urban development division contributed 49% of

revenue, which saw 42% YoY revenue growth to Rp1.4 bn. The hospitals

business revenue grew 18% YoY to Rp894 bn, contributing 31% of revenue. Its

asset management business revenue grew 38%, while commercial business

grew 16%—each contributed 10% to total revenue. LPKR's 9M11 gross profit

grew 23%; gross margin fell to 43% from 46% in 9M10. Overall, 9M11 net profit

grew 38% YoY, with 17% net margin, vs with 16% 9M10 net margin.

■ Large-scale integrated projects. Lippo Karawaci is working on three

large-scale integrated development projects. Each of the integrated

development complexes will combine residential condominiums, office

towers, and public facilities—such as malls, hotels, convention centre,

schools, and club houses—into one integrated complex. Kemang Village

project is located in South Jakarta, three of its towers had already reached

100% completion, and one had reached 40% completion as at 9M11. Its St.
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