Bumi Serpong Damai Total Assets Reached IDR52.10Trn
Property industry last year was down. This is reflected in the net profit of Bumi Serpong Damai, Tbk (BSDE IJ) in the past year are down from IDR4.92Trn in 2017 to IDR1.29Trn in 2018. While, income BSDE is also down, from IDR10.35Trn years 2017 to IDR6.63Trn in the year 2018. As for the total assets increased IDR6.15Trn to IDR52.10Trn last year.
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The increase in the assets shows that the fundamental strength of BSDE have sturdy. It is also supported by more powerful cash position at IDR8.14Trn, increased significantly compared to IDR5.79Trn in the previous year. As for the balance sheet is also strong, with the debt to equity ratio (DER) is in the safe position i.e. amounting to 0.46 times. This is unconfirmed from the repeated affirmation BSDE and its Shelf Registered Bond ratings in level idAA- with stable outlook by Pemeringkat Efek Indonesia (Pefindo).
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The fundamental strength of the more sturdy and will provide leeway for BSDE to continue expansion and launched new projects in the future. Hermawan Wijaya, Director of BSDE, said that the contribution of marketing sales in 2018 is still sustained by the residential product sales of IDR3.47Trn, or 56% of total marketing sales. Sales in this segment increased by 23% compared to the year 2017 of IDR2.81Trn.
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On the other hand, BSDE also continues to strive to increase the portfolio of recurring income. This is evident from the increase in property investment at the end of the year 2018 reached IDR8.08Trn, higher than the previous year’s IDR7.37Trn. “With a strong fundamental conditions, we are sure you will be able to record the growth of a positive performance by the year 2019. Optimism is also supported by still high demand against products of BSDE owned residential and commercial, “he said in disclosure information on Thursday (28/3).