Company Profile Update: Lippo Cikarang, a Leading Property Developer
Indonesia Investments presents the updated company profile of PT Lippo Cikarang Tbk, a leading Indonesian property developer that started operations in the early 1990s with the development of the Cikarang township in Bekasi (West Java). This township includes both industrial and residential centers, complete with supporting infrastructure and public facilities on a 3,000 hectare-wide landbank. Similar to other Indonesian property developers, Lippo Cikarang has posted growing profits due to higher demand in the property sector.
Click here to read Lippo Cikarang's company profile
Lippo Cikarang's Financial Highlights:
| 2008 | 2009 | 2010 | 2011 | 2012 |
2013F | 2014F | |
| Revenues | 276.6 | 323.2 | 404.7 | 902.5 | 1,013.1 | 1,212 | 1,350 |
| Gross Profit | 123.2 | 148.2 | 179.0 | 388.1 | 520.3 | - | - |
| Net Income | 14.2 | 25.7 | 65.3 | 257.7 | 407.0 | 595 | 719 |
| Operating Income | 70.2 | 96.2 | 113.5 | 312.5 | 447.1 | - | - |
| Income before Tax | 27.7 | 41.2 | 85.3 | 301.6 | 457.6 | - | - |
| Total Assets | 1,401.4 | 1,551.0 | 1,670.0 | 2,042.0 | 2,832.0 | - | - |
| Total Liabilities | 928.6 | 1,052.6 | 1,106.2 | 1,220.5 | 1,603.5 | - | - |
| Net Income per Share¹ | 20 | 37 | 94 | 370 | 585 | 855 | 1,033 |
| P/E Ratio (x) | - | - | 107 | 27 | 17 | 12 | 10 |
in billion IDR Rupiah, unless otherwise stated
¹ in IDR Rupiah
Sources: Lippo Cikarang, Annual Report 2012 & RHB OSK Securities