PJAA Revenue Exceeds USD 1 trillion in 2012, Net Profit Up 10.02%

Annual General Meeting (AGM) of PT Pembangunan Jaya Ancol Tbk (PJAA) has appointed Billy Setyo Waluyo as President Director of PT Pembangunan Jaya Ancol, Tbk replace Budi Karya Sumadi have ended his term.

Billy had previously occupied the position as Director of PT Jaya Real Property since 2004. Graduates of the Architectural Engineering, Gadjah Mada University (UGM) is a recommendation of the Provincial Government (Government) DKI Jakarta.

While former President Director of PT Pembangunan Jaya Ancol, Tbk Budi Karya Sumadi end of his term in Ancol, and has received mandate from the city government to occupy the President Director of PT Jakarta Propertindo.

Various development efforts and efficiency PJAA conducted during 2012 the company managed to boost performance. PJAA revenue last year managed to break the USD 1 trillion, to be exact Rp 1,053 trillion, up 12.9% compared to the year 2011 amounting to Rp 933 billion. The figure is a record in the history PJAA revenue performance.

Meanwhile, net income rose sharply to Rp 178.15 billion or 10.02% higher than in 2011 which reached Rp 161.92 billion. This makes the achievement of earnings per share (EPS) rose from Rp 101 per share in 2011 to USD 111 in fiscal year 2012.

Company admits it is not easy to increase revenue amid increasingly intense competition with the emergence of leisure recreation places new, “but various contents innovation and development during 2012 has shown satisfactory results. Ancol Dream Park visitor numbers continue to grow to 15.849 million, up 6%, “said the former President Director of PT Pembangunan Jaya Ancol, Tbk, Budi Karya Sumadi, after the Open General Meeting of Shareholders (AGM) of the company, in the temple Bentar Mermaid Ancol , Thursday (30/5).

Based on data from the financial statements, all 5 (five) years the company’s revenue continued to grow significantly from just Rp 763.066 billion in 2007 to Rp 1.053 trillion in 2012, up 38% more. In the same period, net profit rose from Rp 140.867 to Rp 178.151 billion billion, an increase of approximately 23%.

In terms of total assets, the company is also experiencing rapid growth. As of December 31, 2012, total assets PJAA already reached Rp 2.38 trillion, up 37.49% compared to 2011’s Rp 1,737 trillion. But at the same time, total liabilities also increased from Rp 557.81 billion in 2011 to Rp 1.078 trillion in 2012.

Of the data is also visible, recreation and resort sector is still the largest contributor to revenue PJAA. Revenue from recreation sector reached Rp 674.56 billion, up 8% from the year 2011 which is only Rp 627.027 billion. While the resort segment operating income increased 31%, from Rp 48.3 billion in 2011 to Rp 63.112 billion.

Meanwhile, despite the rise in larger numbers (26%), income from the property sector in 2012 reached Rp 292.121 billion compared to 2011 amounting to Rp 232.410 billion. Performance segment performance properties obtained from the sale of the retail market segment, through the presence of several new property projects being built PJAA.

Described, contents development efforts and new innovations in the leisure segment conducted during 2012 as part of the strategic plan of the company until 2015. Efforts are made with the aim of achieving the company’s business growth suistainable recreation business segments where performance could be more adequate, both in the number of visitors and revenue.

Prospects in 2013

In 2013, for recreation and resort segment, PJAA will focus on the completion of the construction of Courtyard Marriot Hotel in Ancol complex Mermaids will have 310 rooms and is scheduled soft opening in mid-2014, the development of Ecopark, indoor Dufan, as well as the revitalization of the Art Market. The Company also plans to cooperate in the development of Taman Wisata Jurug in Solo, Central Java, South Jakarta Ragunan Swan Lake, as well as the development of Marunda Public Beach, North Jakarta.

“We will focus on development to support sustainable growth and transform business segments that do not contribute to the advancement of the company,” said Billy Setyo Waluyo as President Director of PT Pembangunan Jaya Ancol, Tbk new.

In the property sector, efforts will be made to the income mengenjot continue reclamation projects in the framework of additional land bank, an exclusive residential development Coasta Villa Beach Resort Living as many as 105 units on an area of ​​27 491 m2, the completion of construction of North Land Ancol Residence apartment, condo development and Seafront town house in Ancol Ancol Barat, West Ancol apartment development, and construction of an office area Ancol Office Park.

“This development is in line with the plan of making PJAA Ancol became the center of business, entertainment and residential in Jakarta,” said Gatot Setyo.

In addition to leisure and property segment, to increase its revenue PJAA will also continue the development of new business with business-based infrastructure. For 2013, the company through its subsidiary PT Pratama Jaya Ancol will continue keikusertaannya in development projects along Priok Access Road Toll PT Jakarta Propertindo through PT JATP (Toll Priok Access Road), and the construction of 6 sections Jakarta Urban Toll Road through a partnership company PT JTD.

“This effort is a collaboration of our commitment to creating new sources of revenue for the company. And through a variety of efforts, the company’s revenue is expected to grow an average of 15% per annum in the next 5 years, “said Gatot Setyo.

PJAA contribution to PAD Capital Continues to Increase

Increasing the company’s performance also affects the contribution PJAA for local revenue (PAD) DKI Jakarta. For 2012, the company’s contribution to the PAD Jakarta Rp 129.212 billion or greater than in 2011 which reached Rp 120.8 billion.

Of revenue amounting to Rp 129.212 billion, Rp 77.372 billion, a regional tax to be paid and the remaining Rp 51.840 billion of dividends. “Local Taxes that we pay consisting of the UN, PHI, and PB 1,” he said.

PJAA contribution to DKI Jakarta PAD in 5 (five) last year continues to increase. In 2007, the contribution of Rp 90.25 billion and increased to Rp 100.9 billion in 2008. For the year 2009 reached Rp 100.7 billion in 2010 to Rp 113.2 billion and Rp 120.8 billion for 2011.

The AGM also agreed, on the earnings per share (EPS) of Rp 111 per share, will be distributed in the form of dividends amounting to Rp 49.5 per share to the shareholders. This figure is much better than the previous year in which EPS reached Rp 101 per share and dividends are distributed only Rp 45 per share.

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