July 24, 2014
On Wednesday, June 19, 2014, PT Summarecon Agung organized the Annual General Meeting of Shareholders to report the financial year ended on December 31, 2013. Yearly financial report has been well received and obtained authorization and approval at the Annual General Meeting of Shareholders. In this annual meeting, the Board of Directors reported Summarecon's performance in 2013 was very good, which set new record with revenue of Rp 4.1 trillion, growing 18% from the previous year. Net income also grow as many as 38% or Rp 1.1 trillion. Throughout 2013, Summarecon held 10 times launching and achieved a total marketing sales of Rp 3.73 trillion. This achievement was obtained in the middle of the declining economic condition in Indonesian, where Indonesia's economic growth reached only 5.8% with an inflation rate was quite high, reaching 8.4%. Rising interest rates, high inflation, weakening of the rupiah against the U.S. dollar also affected the buying power of the people as a whole.
In terms of operating revenues, business unit Property Development still contributed the highest revenue of Rp 2.87 trillion (70%), followed by business unit Property Investment which contributed Rp 0.88 trillion (22%), while Leisure & Hospitality business units contributed Rp 0.35 trillion (8%). In terms of operating profit income, Property Development business unit also had the highest contribution in the amount of Rp 1.11 trillion (82%) followed by business unit Property Investment contributed Rp 0.24 trillion (18%).
At today's RUPS decided a dividend of Rp 23 per share, or the equivalent of 30% of net profit.