PT Lippo Karawaci Tbk Reports Earnings Results for the Nine Months Ended September 30, 2021
November 31, 2021 at 11:22 pm EDT
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PT Lippo Karawaci Tbk reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was IDR 10,951,569 million compared to IDR 7,594,270 million a year ago. Revenue was IDR 10,752,274 million compared to IDR 7,495,525 million a year ago. Net loss was IDR 573,297 million compared to IDR 2,340,487 million a year ago. Basic loss per share from continuing operations was IDR 8.1 compared to IDR 33.16 a year ago.
PT Lippo Karawaci Tbk is an Indonesia-based company, which is engaged in property development. The Company operates in four segments: Holdco, Real Estate Development, Healthcare, and Lifestyle. Holdco segment serves as a cost center, encompasses companies involved in investment activities, as well as parent companies and subsidiaries of public entities. Real Estate Development segment comprises, among others, activities in real estate in urban development and development of facilities and its infrastructure, memorial park, town management and water sewage treatment, and real estate in large scale integrated development project and its infrastructure development. Healthcare segment comprises of health services. Lifestyle segment comprises, among others, activities in managing shopping center, hotels and restaurants, food business, recreation center, transportation and maintenance services, parking, consumer financing and management services.