Company Analysis
Agung Podomoro Land is a part of
agung podomoro group, this company has more than 40 subsidiaries which has been
operating in indonesia. The company does not only run in real estate segment
but it also has entered another segment such as theater. It has Blitz Theater
which is located in Balikpapan.
Among of product has been
recognized by people in indonesia, their products are Podomoro city, Kuningan
City, SOHO, Green Bay, orchard park batam, Pluit city,Harco glodok and etc. The
company is also engaged on an various agreements with Amaris hotel, Pullman
hotel and Pop international hotel corporation and etc.
According to the financial
statement, the company has steady revenue growth over period of 2012-2014. As
shown in the graph, the revenue tends to grow during the period. On third
quarter of 2015, the company was able to attain sales at IDR 3.9 trillions. The
revenue of 2016 is predicted better than 2015due to improvement in economic
growth of indonesia.
In 2014 the company could improve
gross margin at 55.8% and it was better than gross margin on 2013 which was
52.2 %.
At recent, commissioner for
eradication of corruption has investigated the case of bribe on project of
reclamation at Jakarta bay. Through its subsidiary, Muara Wisesa Samudra, the
company was accused give bribe to smoothen the project of reclamation. Muara
wisesa samudra is subsidiary of Kencana Unggul Sukses that has Green bay
project in Jakarta. The case has been appeared when the public election for
governor of Jakarta will be started.
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