LPCK Jacks Three Business Units

KOMPAS.com - Three business units namely residential, commercial, and industrial managed to boost the performance of PT Lippo Cikarang Tbk. President Director Meow Chong Loh pointed it at the Annual General Meeting of Shareholders (AGM) of issuers coded LPCK on Thursday (05/27/2010). In his presentation, the company increased sales 32 percent than in 2008. The numbers shifted from Rp 314 billion to Rp 414 billion positions.

Meanwhile, in 2008, still according to Chong Loh, LPCK obtained a net profit of Rp 14 billion. In 2009, that number rose 81 percent to USD 26 billion. "Operating revenues also increased by 17 percent from Rp 276 billion in 2008 to Rp 323 billion in 2009," he added.

Currently the residential area being developed is The Elysium Residence until 2012 with an area of 126 hectares and the total housing units as a whole includes 3500 units, Prime Residential Vassa Lake Phase 2, and some facilities such as the Lippo Cikarang area of City Walk, Elysium Food Festival and Sport Village. Going forward the company will begin to develop some new residential clusters which adopted the concept of green environment, and some new shop.

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