SMRA - Records IDR1.6 tn in marketing sales

Summarecon Agung (SMRA) recorded marketing sales of IDR1.6 tn in 1H23, equivalent to 32% of SMRA's 2023 target of IDR5 tn. This achievement is made up of sales of houses at 58%, shop houses at 28%, plots at 7%, and apartments and commercial at 7%. In 2H23, SMRA plans to launch several new house and commercial products. Furthermore, SMRA's performance this year is likely to be supported by recurring income as they plan to operate two new shopping centers, Summarecon Mall Bandung and Summarecon Villaggio Jakarta Luxury Outlet (SVJLO) at Summarecon Emerald Karawang, West Java. In 2022, SMRA recorded revenue of IDR5.72 tn with a net profit of IDR625 bn. (Source : Kontan)