Company property developer PT Intiland Development Tbk (Intiland)

Company property developer PT Intiland Development Tbk (Intiland) succeeded in recording a significant growth in financial performance in the year 2009. Net income at the end of 2009 the company recorded reaching Rp25, 61 billion, up 81% compared to 2008 amounting to Rp14, 16 billion.

President Director Lennard Ho Kian Guan Intiland explain the jump in net profit was mainly due to significant improvement in overall sales performance results. The Company recorded record net sales value amounted to Rp386, 82 billions, up 16.4% compared to the previous period amounted to Rp332, 22 billions.

The increase in net income was also caused operational performance Intiland grow quite high. This can be seen from the acquisition of operating profit shot 50% from Rp40, 91 billion in 2008 to Rp61, 31 billion in 2009.

"Due to sales jump in net profit in the housing sector is improving, especially from the project Graha Famili Surabaya and Parks Semanan Indah, Jakarta. We also get very good results from rapid sales strategy against a number of inventory in both projects, "said Lennard Ho.

Throughout 2009, housing sales are still the largest contribution to revenue Intiland, which reached 69.5%. The next largest contributor, ie from rental services (11.7%), the means by sport (9.1%), maintenance services and resources (6.7%), and the rest from other revenue amounted to 2.7%.

Lennard Ho expressed throughout the second half of 2009, sales value of residesial sector relatively improved compared to the previous period. This is in addition to the increasing demand of society-as the declining trend in interest rates, bank credit is also triggered by the launch of a new house types in the number of housing projects owned by the company.

The improved financial performance in 2009 gave confidence to the management Intiland to achieve better results this year. Optimistic managerial achievement of a positive performance throughout 2009, becoming a solid foundation for creating long-term growth patterns and be able to increase profits in a sustainable manner.

Business transformation
Intiland management this year is still focused on efforts to make strategic business transformation process. Company formulate the four pillars of the long-term growth as the main strategy that includes organic growth, acquisition opportunities, expand the strategic cooperation, and optimize capital management and investment.

Lennard According to Ho, the transformation process is carried out massive effort to anticipate the rapid growth in national property industry. Company as well have been the target peg to become the third largest property company listed on the Indonesia Stock Exchange.

In conducting the business transformation process, Intiland have translated into goals and targets are very clear, both related to performance, capital structure, or changes in its organizational structure. Company trying to reach that goal through innovative ways, carefully and cautiously, both organic and non-organic, such as acquisition of land and property companies. The Company also will continue its strategy to sell the inventory quickly to inventory non-core, mature, and provide a low return rate.