Slowdown in economic growth in
indonesia at 2015 has affected the sales growth of the company. Economic growth
in 2015 was only 4.8 %, it was slower than the growth at 2014 which was 5 %. It
is the lowest growth at the last five years.
Commodity market dropped as the
result of slowdown in economic growth of emerging market such as china and
india.
Almost of all revenues from
segments at the company dropped in 2015, it was only healthcare segment which
increased 24 % up in comparison with the same segment at 2014. As the result of
that total revenue of the company in 2015 has fallen more than 20 % in
comparison with sales in 2014.
In 2015 the company developed
Monaco bay, holland village at manado and was successfully selling Burbank
tower at Orange county, new central district business which is developed by the
company. Pasadena and Glendale park at orange county of Lippo Cikarang were
also contributing to revenue in 2015. Glendale park is a joint venture with
Mistsubishi corporation from Japan, the company was able to sell more 97 % of
total unit.
More than 43 % of its total land
for development is at Goa Makassar Tourism Development in Makassar, The Company
may allocate more fund in developing Makassar at Sulawesi Island in the future.
Based on annual report of 2015,
the biggest value of its land development is at Lippo Cikarang, its subsidiary
at Cikarang, west Java. Lippo Cikarang has more than 1,196,782 hectare square
land development. It is possible that the company will allocate more high value
project at Lippo Cikarang as it developed Orange County, new CBD at Lippo
Cikarang.
For healthcare business, the
company plans to expand in this segment, it targeted 50 unit siloam hospital
and clinic with 10.000 available bed. They plan to capture 15 million medical
patients. For fund raising, the company has allocated stock to the market which
was valued more than IDR 1.1 trillion. It corporate action decreased the
ownership of LPKR in Siloam Hospital from 78 % in to 70 %.
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