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Financial Info

The Company achieved expected milestones both in planning and implementation of the aforementioned projects, with some coming online and beginning to contribute to the Company’s revenue stream. These landmark projects will not only boost regional economic growth but also become a source of pride for the country and drive domestic and international tourism, in line with the Indonesian Government’s tourism development plan.

As in previous years, the Company delivered positive growth in 2018. The Company’s total revenue was Rp992.45 billion, an increase of 5.78% from last year’s Rp938.27 billion. This increase was driven by improvements in performance across the Company’s business segments. The largest segment was the hotel, resort and golf segment with revenue of Rp536.59 billion, accounting for 54.06% of the Company’s total revenue.

Revenue from the office space rental segment was Rp165.81 billion(16.71%), while the apartment and other property segment garnered revenue of Rp23.18 billion (2.34%), and the security and other services segment contributed Rp266.87 billion(26.89%) The Company is committed to enhancing efficiency in order to achieve stronger growth. Therefore, The Company has succeeded in achieved net profit worth Rp665.48 billion in 2018, in line with the increase in the Company’s total revenue of 5.77% compared to 2017.

The Company is committed to enhancing efficiency in order to achieve stronger growth. Therefore, The Company has succeeded in achieved net profit worth Rp665.48 billion in 2018, in line with the increase in the Company’s total revenue of 5.77% compared to 2017.

In 2018, the Company completed a number of property projects. As a result, the following projects are now operational:

  • One East Penthouse & Residences Luxury Collection, a premium apartment building located in East Surabaya. This property complex features a 5 (five) star hotel managed by Oakwood Management under the name Oakwood Hotel & Residence. One East is a 33-storey building that has 3 basement floors. On May 5, 2018, the Company held the Grand Opening Ceremony of the One East Penthouse & Residences Collection with the theme “The Jewel of the East.”
  • Lido Lake Resort by MNC Hotel is a 5-star resort that occupies a land area of 3.3 hectares and offers an array of premium resort services and facilities with a stunning view of Lake Lido.