REPUBLIKA.CO.ID, JAKARTA - Giant property's company, PT Agung Podomoro Land Tbk posted revenue of 4.901 trillion IDR in 2013, or increased 4.5 percent compared to the previous year. Mall and hotel's development contributed 20.5 percent in 2013 compared to 16.8 percent in 2012.

"The increase in revenue was in line with company's strategy to get the increase fro malls, such as Central Park, Kuningan City and Emporium Pluit," Corporate Secretary of Agung Podomoro Land, Justini Omas said recently.

Agung Podomoro's revenue increased from 785.63 billion IDR in 2012 to 1.003 trillion IDR in 2013. However, company's sales decreased from 3.903 trillion IDR to 3.897 trillion IDR due to low sales of apartments from 3.13 trillion IDR to 2.63 trillion IDR.

In a financial report to Indonesia Stock Exchange (IDX), Agung Podomoro explained that apartment sales contributed 53.6 percent of total revenue. Residetential sales contributed 11.4 percent, while rental houses contributed 13.7 percent. The rest came from sales of offices, stores, hotels and shopping malls.

Company's assets reached 19.67 trillion per December 2013. Cash and cash equivalent reached 3.17 trillion, equity stood at 7.2 trillion IDR, while debt stood at 12.45 trillion IDR. 

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