SMRA – Reported 70.4% yoy growth profit in 1H23

SMRA – Reported 70.4% yoy growth profit in 1H23 Summarecon Agung (SMRA) reported IDR2.96 tn revenue (+8.6% yoy from IDR2.72 tn) and IDR433.8 bn net profit (+70.4% yoy from IDR254.6 bn) in 1H23. The revenue was supported by IDR1.2 tn house sector sales and IDR743 bn mall and retail sectors. SMRA also recorded IDR1.6 tn marketing sales in 1H23 or 32% of FY23 marketing sales target, IDR5 tn. SMRA has prepared also IDR700 bn capex which will be used to acquire new land and develop new projects. As of 1Q23, the capex usage realization reached IDR300 bn. (Source : Kontan)