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20231031_LPCK_Laporan Informasi dan Fakta Material_31483467_lamp2.pdf
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PRESS RELEASE
PT Lippo Cikarang Tbk Achieves Marketing Sales of IDR 941 Billion
and Records Revenue of IDR 801 Billion in 9M23
FOR IMMEDIATE DISTRIBUTION
October 31, 2023
Cikarang (10/30/2023) – PT Lippo Cikarang Tbk ("LPCK" or the "Company") achieved
pre-sales ("Marketing Sales") of IDR 941 billion for the first nine months of 2023
("9M23"), reaching 68.5 percent of the marketing sales target for 2023 of IDR 1.375
trillion.
Reportedly, the pre-sale achievement in 9M23 was driven by strong demand for residential
projects, especially "Waterfront Estates", "Newville" and "Cendana Spark", as well as high
interest for industrial land, with contributions of 54.6 percent and 26.7 percent respectively.
The remaining 18.6 percent came from the sale of shophouses and commercial land.
In the same period, the Company recorded total revenue of IDR 800.62 billion, mainly from
the handover of housing and industrial project inventory as well as non-property income.
Housing projects handed over on time in 9M23 include Waterfront Estates @Uptown 254
units and The Hive @Uptown 34 units.
In addition, the Company reported gross margin for 9M23 at 48 percent, which is an
improvement from the 46 percent reported during the first half of 2023.
Furthermore, the Company's EBITDA which was reported at IDR 215.7 billion or at 27
percent of revenue also improved from 26 percent in the first semester.
"During the third quarter of 2023, the Company has successfully conducted pre-sales in
accordance with the set target despite facing many challenges in the property sector, such
as rising benchmark interest rates and inflationary pressures. In the face of 2023, we are
confident that we will continue to maintain growth momentum with the right product mix
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strategy. We are also committed to continuing development so that we can carry out timely
handover to our customers," said the Management of PT Lippo Cikarang Tbk.
***
About Lippo Cikarang
LPCK has demonstrated its reputation as an urban property developer with international
standard facilities. Lippo Cikarang is located on an area of approximately 3,250 hectares
in one of the largest industrial estates in Southeast Asia. LPCK has successfully built more
than 18,498 houses and has a population of 65,214 people. In the Lippo Cikarang industrial
area there are around 640,111 people working every day in 1,485 manufacturing facilities.
LPCK is a subsidiary of PT Lippo Karawaci Tbk ("LPKR"). LPKR is a leading real estate
company and healthcare provider in Indonesia, listed on the Indonesia Stock Exchange
and has total assets of IDR 49.9 trillion as of December 31, 2022. LPKR is supported by
solid recurring income and supported by a diversified land supply. LPKR's business
consists of the Real Estate segment with a total landbank of 1,407 ha, the Health Services
segment with 41 hospitals throughout Indonesia, and the Lifestyle segment with 59 malls
and 10 hotels.
For More Information, Please Contact :
Corporate Secretary/Investor Relations
PT Lippo Cikarang Tbk
021-8972484 / 021-8972488
corsec@lippo-cikarang.com
investor-relations@lippo-cikarang.com
Visit our website: www.lippo-cikarang.com
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This press release has been prepared by PT Lippo Cikarang Tbk (“LPCK”) and is circulated for the
purpose of general information only. All opinions and estimations included in this release constitute our
judgment as of this date and are subject to change without prior notice. LPCK disclaims any
responsibility or liability whatsoever arising which may be brought against or suffered by any person
as a result of reliance upon the whole or any part of the contents of this press release and neither LPCK
nor any of its affiliated companies and their respective employees and agents accepts liability for any
errors, omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission
here from which might otherwise arise.
Forward-Looking Statements
Certain statements in this release are or may be forward- looking statements. These statements typically
contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature,
forward looking statements involve a number of risks and uncertainties that could cause actual events
or results to differ materially from those described in this release.
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