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20241203_LPCK_Laporan Informasi dan Fakta Material_31804438_lamp2.pdf
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PRESS RELEASE
PT Lippo Cikarang Tbk Recorded Marketing Sales of IDR 1,055 Billion in
9M24, 74% of 2024 Target
Cikarang, December 02, 2024 – PT Lippo Cikarang Tbk. ("LPCK" or the "Company") has
generated a marketing sales of IDR 1,055 billion in 9M24, or 74 percent of the Company's
target for 2024 of IDR 1,435 trillion.
The company also reported total revenue of IDR 981 billion in 9M24, an increase of 23 percent
from 9M23 driven by an increase in the handover of landed house units and shophouses to
consumers as well as higher industrial land revenue from the previous year.
At the end of September 2024, the Company's main revenue came from the handover of landed
houses, commercial units or shophouses, industrial land and non-property revenue contributed
by the township management of Lippo Cikarang Cosmopolis. The residential products handed
over in 9M24 include Waterfront Estates @Uptown as many as 632 units and The Hive
@Uptown shophouses.
The township management segment consistently achieved growth of 9.1 percent, contributing
a total revenue of IDR 300 billion.
The Company's gross profit was also recorded a positive growth of IDR 425 billion with a
gross profit margin successfully maintained at a healthy level of 43 percent throughout the
third quarter of 2024. Thus the 9M24 financial statement ended on September 30, 2024 is being
conveyed as the Company had previously disclosed.
EBITDA Remains Positive
The Management of PT Lippo Cikarang Tbk reports that in 9M24, the Company's EBITDA
remains positive at IDR 255 billion or 26 percent of the Company's revenue.
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Marketing Sales
The company recorded a marketing sales of IDR 1,055 billion in 9M24 or reached 74 percent
of this year's target of IDR 1,435 trillion.
Such marketing sales performance in 9M24 was driven by strong demand for residential
projects, especially landed house and shophouse products, with respective contributions of 60
percent and 27 percent.. The Company's main landed house products are XYZ Livin, Cendana
Spark, Cendana Spark – North and Waterfront Estate Uptown cluster products. During 9M24,
the Company has successfully sold 1,136 units from residential, industrial and commercial
projects.
XQ Livin
In June 2024, LPCK introduced a new product line, XQ Livin along with a a new concept
Lippo Cikarang Cosmopolis, which is located in a strategic area with comprehensive
infrastructure. The XQ Livin products offers two types: the Q10 type (36m2) with a starting
price of IDR 322 million and the X type (66.9m2 ) with a starting price of IDR 609 million,
excluding VAT.
Growth Opportunities in the Property Industry
The Management remains optimistic that there are still many growth opportunities in the
property industry.
"The company has successfully achieved 74% of the 2024 marketing sales target. Supported
by the increasing demand for affordable housing, we launched the XQ Livin product,
specifically designed for the younger generation. Moving forward, we will continue to launch
new products in the next quarter to meet the market demands. Furthermore, we are committed
to continuing our current development to deliver timely handovers to our customers," The
Management states.
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Overview of Lippo Cikarang
LPCK has demonstrated its reputation as an urban property developer with international standard facilities Lippo Cikarang
Cosmopolis. Lippo Cikarang is located on approximately 3,250 hectares of land in the Southeast Asia’s largest industrial
area. LPCK has succeeded in building more than 20,188 houses and a population of 71,917 people. In the Lippo Cikarang
industrial estate, there are around 674,794 people who commute every day to work in 1,519 manufacturing facilities.
LPCK is a subsidiary of PT Lippo Karawaci Tbk ("LPKR"). LPKR is a leading real estate and healthcare platform in Indonesia,
which is present in 26 provinces and 56 cities throughout Indonesia and has total assets of IDR 9,682 billion as of December
31, 2023. LPKR is supported by solid recurring income and supported by diverse land inventory. LPKR's business consists of
Real Estate development, Health Services and Lifestyle.
For More Information :
Corporate Communication
T: 021-8972484 / 021-8972488
E: corporate.communication@lippo-cikarang.com
www.lippo-cikarang.com
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This press release is prepared by PT Lippo Cikarang Tbk ("LPCK") and is circulated for general information purposes only. All
opinions and estimates expressed in this press release are our assessments as of this date and are subject to change without
prior notice. LPCK is not responsible for any claims or losses that may arise against or suffered by any person as a result of
reliance on the whole or part of the contents of this Press Statement. Neither LPCK nor its affiliated companies, employees
and agents are responsible for any errors and omissions in this Press Statement and any inaccuracies contained therein or
that may arise.
Forward-looking statements
Certain statements in this release may be forward-looking. These statements usually contain words such as "will", "expect"
and "anticipate" as well as other similar words. By their nature, forward-looking statements are subject to risks and
uncertainties so actual events could differ materially from those described in this press release.
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